Remittances now cover Pakistan's entire external deficit, says analyst
Remittances from overseas Pakistanis now cover 100% of the country’s external deficits and account for about 10% of GDP, analyst Emre Akcakmak, who is Head of Frontier Markets and portfolio advisor at East Capital, said on Tuesday, highlighting the diaspora’s central role in stabilising Pakistan’s economy after its near-default in 2023. “At a trailing 12-month level of $44 billion, remittances…
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Remittances now cover Pakistan's entire external deficit, says analyst (opens Business Recorder in a new tab)
Remittances from overseas Pakistanis now cover 100% of the country’s external deficits and account for about 10% of GDP, analyst Emre Akcakmak, who is Head of Frontier Markets and portfolio advisor at East Capital, said on Tuesday, highlighting the diaspora’s…
