����ֱ��

KARACHI: ����ֱ�� remained the leading source of remittances to Pakistan in August 2025, sending $736.7 million of the $3.1 billion total received during the month, the State Bank of Pakistan said on Monday. 

Remittances are a key pillar of Pakistan’s external finances, providing hard currency that supports household consumption, helps narrow the current-account gap and bolsters foreign exchange reserves. The steady pipeline from Gulf economies, led by ����ֱ�� and the UAE, has remained crucial for Pakistan’s balance of payments.

Pakistan has received a cumulative $6.4 billion in workers’ remittances during the first two months of fiscal year 2025–26 (July-August), marking a 7.0 percent increase from $5.9 billion in the same period last year.

“Workers’ remittances recorded an inflow of $ 3.1 billion during August 2025,” the central bank said. “In terms of growth, remittances increased by 6.6 percent on year-on-year basis.”

The bulk of these inflows originated from ����ֱ�� ($736.7 million), followed by the UAE ($642.9 million), the UK ($463.4 million) and the US ($267.3 million).

Pakistan received a record $38.3 billion in workers’ remittances during the last fiscal year, reporting an increase of about $8 billion over a 12-month period — exceedng the country’s ongoing $7 billion International Monetary Fund (IMF) loan program.

According to the State Bank of Pakistan, ����ֱ�� led all contributors during FY25, with remittances totaling $9.34 billion, followed by the United Arab Emirates at $7.83 billion, the United Kingdom at $5.99 billion and the United States at $3.72 billion.

Remittances from Gulf Cooperation Council (GCC) countries excluding ����ֱ�� and the UAE totaled $3.71 billion, while EU countries contributed $3.53 billion.

Economists say remittances function as a stabilizer for Pakistan’s economy, helping millions of households manage expenses while giving policymakers breathing room during periods of tight external financing conditions. With traditional sources in the Middle East still accounting for the bulk of transfers, the trajectory of regional labor demand remains central to Pakistan’s outlook on remittance flows.

Reigning 20-overs world champions India look overwhelming favorites to retain their Asia Cup title with Suryakumar Yadav leading a crack squad that can sweep aside rivals and any geopolitical distraction in the tournament beginning on Tuesday.

The Sept. 9-28 tournament had looked in limbo after four days of military conflict between tournament hosts India and bitter neighbors Pakistan in May this year.

The eight-team competition was subsequently moved to the United Arab Emirates but the geopolitical undercurrents were palpable with several former India cricketers demanding a boycott of matches against Pakistan.

With New Delhi backing the Indian cricket board’s stance of playing Pakistan in multi-team events only, the Asian Cricket Council, which organizes the Asia Cup, is confident its flagship tournament would prove a success.

With an eye on the T20 World Cup next year, India gave an indication of how seriously they view the tournament when they picked pace spearhead Jasprit Bumrah.

The 31-year-old is played sparingly to manage his all-format workload and India will hope to benefit from the wily seamer’s craft both in the powerplay and the death overs.

Test captain Shubman Gill has been recalled to reinforce a batting lineup teeming with serious power-hitters like Abhishek Sharma and Tilak Varma, currently the top-two T20 batters in official rankings, as well as skipper Suryakumar.

Arch-rivals Pakistan will enter the tournament low on experience but high on confidence after winning a tri-series, also involving Afghanistan and hosts UAE, on Sunday.

“We wanted to prepare in a way that helps us for the Asia Cup and we’ve done that,” Pakistan captain Salman Agha said.

“We’ve been doing really well since the Bangladesh home series. Finally, we’re in very good shape and fully prepared for the Asia Cup.”

Having ignored former captains Babar Azam and Mohammad Rizwan, Pakistan will need sustained contribution from their batters against tougher opposition.

Afghanistan lost to Pakistan in Sunday’s final in Sharjah but skipper Rashid Khan counts their familiarity with conditions as a major gain.

“It’s important for us to learn from these conditions ahead of the Asia Cup,” Rashid, who will lead Afghanistan’s spin-heavy attack, said.

“Over the last eight-nine months, we haven’t played much T20 cricket together and a series like this gives us positive energy.

“I think it’s going to be a great and exciting Asia Cup for us.”

Under Litton Das, a new-look Bangladesh will be itching to prove their mettle having lost the likes of stalwarts Shakib Al Hasan, Mushfiqur Rahim and Tamim Iqbal to retirement.

Afghanistan play Hong Kong in the tournament opener in Abu Dhabi on Tuesday.