KARACHI: Remittances from overseas Pakistanis, the country’s most reliable source of foreign exchange, remained strong in November, raising hopes the government will be able to manage a widening current account deficit.

The State Bank of Pakistan (SBP) reported on Monday that remittances grew 9.4 per cent year-on-year to $3.2 billion in November, a trend that has remained intact since the beginning of the current fiscal year.

“Cumulatively, with an inflow of $16.1bn, workers’ remittances increased by 9.3pc during Jul-Nov FY26 compared to $14.8bn received during the same period last year,” it added.

In the wake of declining exports, the importance of remittances........

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