emirates7 -
-In the first half of the current fiscal year, Pakistan received over $4 billion in remittances from the UAE, the country’s Bureau of Emigration and Overseas Department reported

World Governments Summit, Kayani reiterated that Pakistan macroeconomic stabilisation will be sustained and be built upon for economic growth, adding, “we'll continue to have a relatively stable foreign exchange rate going forward.”

In 2023, the South Asian country nearly suffered a debt default, but has stabilised following the International Monetary Fund’s Stand-By Arrangement, which provided it with a $3 billion short term assistance, helping it recover its foreign exchange reserves.

“We've seen in the past that remittances have remained fairly stable. They're largely driven a lot by Pakistanis sending remittances back home, whether it is to their parents, to their families,” he said.

In the first half of the current fiscal year, Pakistan received over $4 billion in remittances from the UAE, the country’s Bureau of Emigration and Overseas Department reported.

“But I think we've also been able to have a fairly stable foreign exchange rate over the past couple of years,” the finance minister added.