Pakistan posts $328m current account deficit in July

Pakistan recorded a current account deficit of $328 million in July, the opening month of FY27, according to Dawn, citing State Bank of Pakistan data released on Tuesday. The gap narrowed from $814m in June and from $529m in July 2025. The shortfall was largely driven by imports, which came in at more than twice the level of exports.

Merchandise exports reached $3.008 billion in July, while merchandise imports came to $6.154 billion. Services exports were $927m against imports of $1.155 billion. A year earlier, July merchandise exports stood at $2.750 billion, compared with imports of $5.429 billion.

Foreign direct investment fell 20 per cent to $178.6m in July, down from $223.5m a year earlier. Dawn described FY26 as the worst year, with inflows down 49 per cent to $1.077 billion from $2.122 billion in FY25. Economists linked the slump to the conflict in the Gulf and to weak domestic performance, while daily reports about terrorism were seen by analysts as keeping investors on the sidelines.