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Glossary · PSX term

Remittances.

Remittances are money sent home by Pakistanis working abroad.

Definition

They are a major source of foreign exchange for Pakistan, supporting the current account and bolstering reserves. Strong remittance inflows can ease pressure on the rupee and improve market sentiment.

Worked example

Billions of dollars sent home each year by overseas Pakistanis help fund the country's import bill.

Related on PSX Clarity

Term
Current account deficit
Term
Foreign exchange reserves
Term
Rupee depreciation

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