{"id":103507,"date":"2025-10-03T06:52:00","date_gmt":"2025-10-03T01:52:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=103507"},"modified":"2025-10-01T17:14:39","modified_gmt":"2025-10-01T12:14:39","slug":"govt-forecasts-remittances-to-grow-usd-43-bn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-forecasts-remittances-to-grow-usd-43-bn.html","title":{"rendered":"Govt forecasts USD 43 bn remittances to offset flood-hit economy"},"content":{"rendered":"\n<p>Islamabad: Pakistan has informed the International Monetary Fund (IMF) that remittance inflows are projected to reach USD 43 billion during the current fiscal year, providing crucial support to the economy in the wake of recent flood damage.<\/p>\n\n\n\n<p>According to the government\u2019s macroeconomic assessment, the increase in overseas workers\u2019 remittances is expected to help maintain the current account deficit under control, despite setbacks in exports and agriculture. Officials estimate that nearly half of Pakistan\u2019s overseas workforce hails from flood-affected districts in Punjab, which could contribute an additional USD 2 billion in inflows this year.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/remittances-grow-7-yoy-in-aug-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">Remittances grow 7% YoY in Aug: SBP<\/a><\/p>\n\n\n\n<p>The IMF\u2019s review noted that despite widespread crop losses, the floods have had minimal impact on tax revenues, while remittances and fiscal measures continue to stabilize the economy. GDP growth is projected at 3.7%\u20134% for FY2025, reflecting resilience in the face of challenges.<\/p>\n\n\n\n<p>Exports, however, are forecast to decline by USD 1 billion to USD 34.2 billion due to flood-related disruptions in agriculture and industry. Imports are expected to remain high at around USD 65 billion, driven by additional cotton demand and regulatory adjustments.<\/p>\n\n\n\n<p>The IMF has also underscored the importance of progress on governance and anti-corruption reforms, particularly the forthcoming publication of the Governance and Corruption Diagnostic Assessment report.<\/p>\n\n\n\n<p>Meanwhile, inflation is projected to hover around 7%, with authorities confident that strong remittances and a stable exchange rate will help contain price pressures. The Finance Ministry\u2019s outlook stated that Pakistan\u2019s stabilization trajectory remains intact, supported by improvements in large-scale manufacturing and fiscal management.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan has informed the International Monetary Fund (IMF) that remittance inflows are projected to reach USD 43 billion during the current fiscal year, providing crucial support to the economy in the wake of recent flood damage. According to the government\u2019s macroeconomic assessment, the increase in overseas workers\u2019 remittances is expected to help maintain the current account deficit under control, despite setbacks in exports and agriculture. Officials estimate that nearly half of Pakistan\u2019s overseas workforce hails from flood-affected districts in Punjab, which could contribute an additional USD 2 billion in inflows this year. Read: Remittances grow 7% YoY in Aug: SBP The IMF\u2019s review noted that despite widespread crop losses, the floods have had minimal impact on tax revenues, while remittances and fiscal measures continue to stabilize the economy. GDP growth is projected at 3.7%\u20134% for FY2025, reflecting resilience in the face of challenges. Exports, however, are forecast to decline by USD 1 billion to USD 34.2 billion due to flood-related disruptions in agriculture and industry. Imports are expected to remain high at around USD 65 billion, driven by additional cotton demand and regulatory adjustments. The IMF has also underscored the importance of progress on governance and anti-corruption reforms, particularly&hellip;<\/p>\n","protected":false},"author":18,"featured_media":101697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[68490,10620,7327,63000,63988,68264,62150,64448,11728,13263,61427,68491,64591,34475,1008,4579],"persona":[],"class_list":{"0":"post-103507","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-corruption-diagnostic-report","9":"tag-current-account-deficit","10":"tag-exports","11":"tag-finance-ministry","12":"tag-fiscal-outlook","13":"tag-flood-impact","14":"tag-gdp-growth","15":"tag-governance-reforms","16":"tag-imf","17":"tag-imports","18":"tag-inflation","19":"tag-large-scale-manufacturing","20":"tag-overseas-workers","21":"tag-pakistan-economy","22":"tag-punjab","23":"tag-remittances","24":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt forecasts remittances to grow USD 43 bn - Zameen News<\/title>\n<meta name=\"description\" content=\"The increase in overseas workers\u2019 remittances is expected to help maintain the current account deficit under control, despite...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-forecasts-remittances-to-grow-usd-43-bn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt forecasts remittances to grow USD 43 bn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The increase in overseas workers\u2019 remittances is expected to help maintain the current account deficit under control, despite...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-forecasts-remittances-to-grow-usd-43-bn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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