Pakistan Exchange Companies’ Dollar Sales Rise 30% in August

Exchange firms in Pakistan sold $248.7 million to banks in August, up 30 percent from $174.9 million a year earlier, signaling an improvement in foreign currency inflows, according to data from the Exchange Businesses Association of Pakistan.

Key points

• Pakistan is targeting remittances of $44 billion in fiscal year 2026 27, compared with $41.5 billion received during fiscal year 2025 26.
• When exchange firms sold $230.7 million to banks, down from $290.6 million in the same month last year, the August gain followed a weaker July.
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• ECAP has additionally formally requested the State Bank of Pakistan to restore internet access throughout Kashmir, Bostan noted.
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Despite reservations over the impact of the Gulf conflict on Pakistan's external inflows, remittances have so far remained resilient. Nevertheless, reports that Pakistani workers could be sent back from Gulf countries have triggered concern concerning the potential impact of a prolonged regional conflict on future inflows. Reducing Energy Costs Is Govt's Top Priority: PM Shehbaz.

Malik Bostan, chairman of ECAP, remarked foreign currency inflows had kicked off improving as the situation in Kashmir normalized. He remarked inflows during July and August could have been concerning $50 million higher if political disruptions in Kashmir had not affected activity.

ECAP has additionally formally requested the State Bank of Pakistan to restore internet access throughout Kashmir, Bostan noted. Partial internet access has already been restored, he continued.

Exchange firms collectively sold $479.5 million to banks during the first two months of fiscal year 2026 27, compared with $465.5 million during the same period of the previous fiscal year.

Pakistan is targeting remittances of $44 billion in fiscal year 2026 27, compared with $41.5 billion received during fiscal year 2025 26. Currency market participants, nevertheless, remain concerned concerning the longer term impact of the regional conflict on Gulf economies and Pakistan's foreign exchange inflows. Stay Connected with ProPakistani.

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For now, pakistan Exchange Companies' Dollar Sales Rise 30% in August remains the part of the story worth watching, and further updates are likely as more details are confirmed.