Islamabad: Pointing out the increasing pressure on Pakistan’s external trade, the State Bank of Pakistan (SBP) has said in its monthly report that while business activity increased during October 2025, the increasing volume of imports has affected the economic balance. According to the data, imports in the month were $5.27 billion while exports were $2.74 billion.
The report said that the trade, services and income deficit increased to $3.65 billion in October, which is much higher than the $2.82 billion in the same period last year. At an annual rate, this deficit shows an increase of more than 29 percent.
The current account deficit has also increased significantly in the first four months of the fiscal year 2024-25 and the total deficit during this period was recorded at $733 million, which is many times higher than the $206 million of the previous fiscal year.
In the four-month total trade, imports were $20.72 billion while exports were $10.63 billion, and the trade deficit reached $10.09 billion during the same period. The overall deficit, including services and income, was recorded at $14.34 billion, however, workers’ remittances provided some support and showed an increase of $12.95 billion.
The report specifically mentions the improved performance of the IT sector, according to which IT exports reached $386 million in October, while IT exports in the four months of the current fiscal year showed an increase of 19.6 percent with $1.44 billion.
