WEB DESK
As the country struggles for precious foreign exchange to repay external debts and pay for essential imports, a major source of dollars seems to be steadily shrinking, with just $2 billion being remitted by overseas Pakistanis.
A major source of foreign exchange for the government, Pakistanis living and working abroad in December 2022 sent $66.821 million less than November 2022, when around $2.108 billion were remitted.
This was the lowest tally of funds sent home in three years, falling to a level last reached in August 2020, when, at the height of the global novel coronavirus (Covid-19) pandemic, with complete lockdowns and furloughs.
