The current account posted a $100 million surplus in November, which may change the trend of deficits in previous months of the current fiscal year.

However, data provided by the State Bank of Pakistan (SBP) shows that imports were curtailed to improve trade deficit figures during the month. The previous month, October, had posted a current account deficit of $291 million.

The previous fiscal year, FY25, surprised many by posting a net current account surplus of $1.932 billion and was widely celebrated by the government as a major positive for the economy. The surplus was also the result of tight import restrictions, which ultimately kept the economic growth rate well below the desired level. Policymakers have yet to........

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