KARACHI: Foreign exchange companies sold $646 million to banks during the first quarter of FY26, down from $750m in the same period last year, reflecting lower availability of physical dollars and reduced inflows from visiting overseas Pakistanis.

According to the Exchange Companies Association of Pakistan (ECAP), the decline is linked to reduced remittances and delays in dollar payments from banks to exchange firms. “We have sold $646m in the banking market during the first three months of FY26. Though lower than last year, the figure is not........

© Dawn Business