Pakistan receives 1.43pc lower remittances.

Pakistan received 1.43percent lower remittances from overseas Pakistanis which amounted to $5.47 billion in the quarter ended September 30, 2019 compared to $5.55 billion in the same quarter of previous year.

The drop should be a cause for concern for economic managers as the remittances help in partly financing the deficit in import payments and foreign debt repayments.

Experts, however, did not give much importance to the slight drop. They believe it is a seasonal fall recorded in the first quarter of current fiscal year 2019-20. They said the growth of...