NO matter how important workers’ remittances are, the record inflow of $41.6bn in FY26 should remind us of the economy’s deep external weaknesses. With exports stagnating, FDI subdued and trade deficit widening by 22pc to $39.5bn, these transfers have become Pakistan’s single most important source of external stability. June inflows of $3.48bn, though lower than May’s Eid-driven surge, remained comfortably above the $3bn mark. Historically, these inflows have financed imports, supported household consumption and stabilised the external account and currency. But let us not forget that remittances have overtaken exports as a share of GDP for........

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