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Pakistan’s remittances from overseas workers saw a significant rise of 29% in December 2024, totaling $3.08 billion, compared to the previous year. This increase reflects a 6% rise from November 2024. Year-on-year, December remittances surged by 29.3%, reaching $2.38 billion. Finance Minister Muhammad Aurangzeb anticipates a record-high of $35 billion in remittances for FY 2024-2025.
The government has warned that inflation could rise to 7.5% in the next financial year (2025–26), compared to 5% this year. This increase is expected due to relaxed import restrictions…
In FY2024-25, Pakistan’s salaried class paid over Rs550 billion in income taxes—five times more than the combined Rs100 billion contributed by exporters and retailers, according to the Salaried Class Alliance…