Pakistan economy update: Remittances rise 14%, inf...

Summary

• The report showed that remittances reached $10.9 billion in the first quarter of fiscal year 2026-27 marking a 14% increase compared with the same period last year.
• The report also highlighted increased business activity, with 15,440 new companies registered during the first quarter, marking a 37.3% increase compared with the same period last year.
• The report showed that remittances reached $10.9 billion in the first quarter of fiscal year 2026-27, marking a 14% increase compared with the same period last year.

AI Generated Summary

Pakistan’s foreign remittances, exports and foreign direct investment recorded year-on-year growth during the first quarter of the ongoing fiscal year according to the Finance Ministry’s latest monthly economic outlook report. However, inflation and imports also increased during the period.

The report showed that remittances reached $10.9 billion in the first quarter of fiscal year 2026-27 marking a 14% increase compared with the same period last year. In September 2026 inflows rose 12.7% year-on-year to $3.6 billion.

Exports also showed improvement, increasing 7.7% to $8.5 billion during the first quarter. September exports climbed 15.5% year-on-year to $3 billion.

Meanwhile imports rose 14.1% to $17.8 billion during the three-month period. In September alone, imports increased 22.7% to $6.2 billion, according to the report.

Foreign direct investment (FDI) reached $719.7 million during the first quarter representing a 19.9% annual increase. In September, FDI stood at $219.5 million.

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan were recorded at $21.5 billion in October. On October 28, the rupee was valued at Rs278.6 against the US dollar.