Remittances
Finance Minister Pushes Cashless Economy Vision in Key Mastercard Meeting
Muhammad Aurangzeb advanced Pakistan’s push toward a cashless economy during a high-level meeting with Tucker Foote, Chief Government Affairs Officer at Mastercard. The discussion took place in Washington, D.C. on the sidelines of the World Bank IMF Spring Meetings 2026. The meeting centered on accelerating digital payments and expanding financial inclusion across Pakistan. Both sides […]
Pakistan’s Foreign Exchange Firms Report Decline in Dollar Sales
Pakistan’s foreign exchange companies have reported a notable decline in dollar sales to banks during the first quarter of fiscal year 2026, reflecting growing pressure on the currency market amid tightening dollar liquidity and slower remittance inflows. According to data released by the Exchange Companies Association of Pakistan (ECAP), exchange firms sold $646 million to […]