Overview
- The July–August FY26 shortfall reached $624 million, widening from $430 million in the same period last year, according to SBP data.
- In August, goods exports were $2.51 billion versus imports of $4.98 billion, leaving a $2.48 billion goods gap; services posted a $671 million export tally against $1.108 billion in imports.
- Workers’ remittances provided support at $3.14 billion in August and $6.35 billion over two months, but they did not fully offset trade and income outflows.
- The primary income deficit widened to $1.49 billion in July–August, while the financial account showed a $245 million deficit in August with net FDI outflows of $142 million.
- The SBP notes reserves of roughly $14.3 billion in mid-September and projects about $15.5 billion by December, expecting the FY26 deficit to stay within 0–1% of GDP, with risks from floods, import demand and weak investment.