War in Middle East fails to dent remittances in March

KARACHI: Despite turbulence stemming from the ongoing Middle East conflict, the country received 17 per cent higher remittances in March compared to February, the State Bank of Pakistan announced on Wednesday. The $3.8bn inflow was the highest so far this fiscal year, but it was 5pc lower compared to $4bn in March FY25. The war did not impact remittances from the Middle East, as inflows from almost all countries experienced positive growth. Currency experts said t...