Dawn
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02:22 Nov 18, 2025
KARACHI: Pakistan’s current account deficit (CAD) widened by over 255 per cent year-on-year during the first four months of FY26, primarily driven by rising imports and falling exports. The latest data issued by the State Bank on Monday showed that the country posted a CAD of $733 million in July-October compared with $206m in the same period last year. Another vital change was that October posted a $112m deficit, compared with a $83m surplus in September. The pressure on the current account is directly related to higher imports, while the exports remained stagnant during the current fiscal year. Under pressure from the International Monetary Fund, the government had relaxed import curbs. The government is under severe criticism for failing to boost economic growth over the last three years, and financial circles believe it was a deliberate attempt to cut GDP growth to keep the current account under control. The government achieved a surplus of $1.9bn in FY25, but economic growth remained at 2.6pc, which was ...