KARACHI: Workers’ remittances in December rose to the highest level of the current fiscal year (FY26), reaching $3.6 billion, largely driven by continued incentives for sending money through formal channels and relative stability in the exchange rate.

The inflows showed a growth of over 16 per cent on a year-on-year basis. The government is expecting $40bn in remittances for the current financial year, while the strong increase in the first half indicates that the target may be exceeded.

“In terms of growth, remittances (in December) increased by 16.5 and 12.6pc on year-on-year and month-on-month basis, respectively,” said the State Bank.

During the last six months, inflows remained above $3bn,........

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