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SBP revises remittance, forex projections upward
KARACHI: The State Bank of Pakistan (SBP) has revised its projections for workers’ remittances and foreign exchange reserves upward, reflecting improved inflows and a stronger external account outlook. Addressing a press conference on the monetary policy decision, SBP Governor Jameel Ahmed said Pakistan’s external account position had improved significantly, adding that the country was now out of the danger zone. He said that workers’ remittances have remained resilient in the first quarter of this fiscal year (FY27) and are projected to turn out higher than the earlier assessment. “Workers’ r...
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