KARACHI: Exchange companies’ dollar sales to banks increased by 30 per cent year-on-year in August, indicating higher inflows.
Data from the Exchange Companies Association of Pakistan (ECAP) showed these companies sold $248.7 million to banks in August, up from $174.9m in the same month last year.
However, July saw a decline to $230.7m, down from $290.6m in the corresponding month last year.
Pakistan has remained unaffected by the Gulf war as far as remittances are concerned, but reports in the media that Pakistani workers are being sent back home from Gulf countries have caused fear.
ECAP reports $248.7m sold to banks in August
