New Delhi, July 20 (IANS) Pakistan closed fiscal year 2026 with a near-balanced current account and stronger foreign exchange reserves, but the apparent improvement in its external position is largely driven by record remittance inflows rather than a meaningful expansion in exports or productivity, raising concerns about the sustainability of the country’s economic recovery, a report has said.Pakistan posted a current account deficit of just $139 million in FY26, while the State Bank of Pakistan…
Latest Remittances News & Updates
Mumbai, July 17 (IANS) RBI Governor Sanjay Malhotra said on Friday that India’s fundamentals remain strong, with a decent pace of economic expansion despite geopolitical uncertainties triggered by the West Asia crisis.In an exclusive interview to Doordarshan, the RBI governor also admitted that the ongoing geopolitical tensions in West Asia and a potentially weak monsoon pose key risks to India’s economy.Malhotra defended the performance of the rupee in the backdrop of a strengthening US dol…
New Delhi, July 10 (IANS) Pakistan’s economic growth is expected to slow in the current fiscal year as higher energy costs and pressure on foreign remittances weigh on the economy, the Asian Development Bank (ADB) said in its latest outlook, according to a report.A report published in Dawn said that the lender has revised down Pakistan’s GDP growth forecast for FY27 to 3.7 per cent from the 4.5 per cent projected in April, according to the Asian Development Outlook (ADO).The ADB cautioned that t…
New Delhi, June 30 (IANS) Pakistan’s foreign direct investment (FDI) fell 28 per cent during the first 11 months of FY26 as persistent regional uncertainty and geopolitical tensions continued to weigh on investor sentiment, a report has said.The report published in Dawn showed that regional instability has negatively impacted Pakistan’s domestic bond and equity markets, with uncertainty prompting foreign investors to stay away despite an improvement in the country’s foreign exchange reserves and…
New Delhi, May 19 (IANS) Pakistan is among the worst-affected countries as the United Kingdom has reduced its foreign aid spending, cutting development assistance from 0.5 per cent to 0.3 per cent of gross national income (GNI) by 2027, a report has said.A report by The Borgen Project said that the UK government has announced foreign aid cuts of more than $6 billion, with the deepest reductions expected in bilateral aid programmes.Pakistan and Mozambique are set to face the steepest cuts, while …
New Delhi, May 2 (IANS) Pakistan’s foreign exchange buffers could fall sharply to $6.8 billion by the end of 2026 and approach $1.6 billion by FY28, if the country’s current macro policies continue to collapse, a new report has said.The report from South China Morning Post said that assumed oil would average $113 a barrel in Q2 2026 before easing to $79 by year‑end, Pakistan reserves would deteriorate sharply if imports and remittances remain unchanged.The report cited analysts as saying tha…
New Delhi, April 29 (IANS) The ‘2026 Global Report on Food Crises’ (GRFC) lists Bangladesh among the top 10 countries with the largest number of people who faced high levels of acute food insecurity in 2025, according to an article in The Daily Star, a Dhaka-based newspaper.According to the report, around 1.6 crore people in Bangladesh faced crisis-level food insecurity or worse during the 2025 peak. These represented 17 per cent of the analysed population, although the report also notes that th…
New Delhi, April 21 (IANS) India’s economy is projected to expand by 6.4 per cent in 2026 and 6.6 per cent in 2027, a new United Nations (UN) report has said.The report from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) said that economies in South and South‑West Asia grew 5.4 per cent in 2025, up from 5.2 per cent in 2024, driven largely by India’s strong growth of 7.4 per cent in 2025.The report further stated that robust rural consumption, goods and servic…
Washington, April 20 (IANS) India’s growth outlook remains relatively strong, but a prolonged rise in global energy prices could pose risks to the economy, the International Monetary Fund said. “We have modestly increased our forecast by 0.1 percentage point,” Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, said at a press briefing during the Spring Meetings.He said the upgrade reflects strong momentum entering 2026 and easing tariff pressures. “Momentum coming i…
Washington, April 15 (IANS) India’s remittance inflows could come under pressure if economic disruption persists in the Gulf region, with potential losses estimated at up to $10 billion, Chief Economic Advisor V. Anantha Nageswaran said on Wednesday. Addressing the US-India Economic Forum 2026, Nageswaran highlighted the vulnerability of remittance flows to geopolitical tensions and economic slowdowns in key host countries.India received about $124 billion in remittances in 2024–25, ma…