‘No impact’ of Middle East conflict on remittances from Gulf countries so far: finance minister

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said the ongoing conflict sparked by the US-Israeli war on Iran has not adversely impacted Pakistan’s remittances from the Middle East. “Some members spoke of remittances, which is true. [However,] thankfully, there has been no impact on remittances as of yet,” Aurangzeb said while speaking on the National Assembly floor. “However, the reality is, roughly between 40 to 50 per cent of our remittances are coming from the GCC (Gulf Cooperati...