Trade deficit narrows as November current account posts surplus

ISLAMABAD (Dunya News) – Pakistan’s current account turned positive in November, posting a surplus of $10 million, following a deficit of $29 million in October, the latest data revealed.

During the current fiscal year, from July to November, the cumulative current account showed a deficit of $812 million, compared to a surplus of $503 million in the same period last year. Analysts noted that despite the November surplus, the country’s trade deficit in goods and services has widened significantly this fiscal year.

From July to November, Pakistan’s trade deficit reached $1.277 billion, while the overall deficit in goods and services exceeded $1.4 billion, up from $980 million in the same period last year. The previous fiscal year had recorded a $1.1 billion deficit in goods and services trade during the same timeframe.

Experts said the narrowing current account deficit in November is a sign of cautious improvement, but persistent trade imbalances continue to pose challenges for the economy.

Pakistan’s current account posted a $10 million surplus in November, improving from a $29 million deficit in October, while the July-November cumulative deficit reached $812 million. Despite the November surplus, the country’s trade deficit in goods and services rose to $1.4 billion, signaling ongoing economic challenges.