Overseas Pakistani sending record Billion of Dollars | Rich Pakistan
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Overseas Pakistani sending record Billion of Dollars | Rich Pakistan
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Rich Pakistan With Abdul Rehman
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7 733 просмотра · 1 день назад
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Overseas workers’ remittances into Pakistan stood at $3.656 billion in August 2026, the State Bank of Pakistan (SBP) data showed on Wednesday.Cumulatively, workers’ remittances increased by 14.7% during Jul-Aug FY27 to $7.3 billion, compared to $6.4 billion received during the same period last year.
“We expect remittances for FY27 to clock in at $43.7 billion,” said Topline Securities in a note.
Remittances play a significant role in supporting the country’s external account, stimulating Pakistan’s economic activity, and supplementing the disposable incomes of remittance-dependent households.
However, experts believe that an over-reliance on remittances is unsustainable and can hinder long-term economic stability, potentially leading to import-driven growth and exacerbating symptoms of Dutch disease.