SBP Warns Cutting Remittance Incentives Could Push Billions Back to Informal Channels
The State Bank of Pakistan has cautioned that reducing incentives under the Pakistan Remittance Initiative could divert critical inflows away from formal banking channels, threatening the country’s top source of foreign exchange.
SBP Forex Reserves Jump to $14.51 Billion, Growing by $5.12 Billion in FY25
Pakistan’s foreign exchange reserves held by the State Bank surged by $5.12 billion in FY25, reaching $14.51 billion by June 2025, driven by improved current account figures and planned inflows.