Current account slips into $139m deficit in FY26

• CAD gap hits $649m in June KARACHI: Pakistan ended the outgoing fiscal year with a current account deficit (CAD) of $139 million, reversing a surplus of $1.838 billion recorded in 2024-25, the State Bank of Pakistan reported on Friday. The deficit remained negligible compared to the sharp monthly deficit recorded in June 2026, largely because of strong remittance inflows during the year. The deficit had been widely expected after the Gulf war, which erupted on Feb 28, disrupted oil prices a...

By none@none.com (Shahid Iqbal)