Finance Ministry Expects Remittances to Sustain Upward Trend

Pakistan’s Finance Ministry expects remittances to continue their upward trend, driven by improved economic conditions and government policies facilitating inflows. In February, remittances reached $2.2 billion, showing a steady increase. The ministry attributes this growth to incentives for overseas Pakistanis and enhanced banking channels. Despite economic challenges, strong remittance inflows provide crucial support to foreign exchange reserves. The government remains optimistic about sustaining this momentum, which is vital for stabilizing the country’s external account and overall economic outlook.