Remittances, Exports to Stabilize Economy: SBP Chief

State Bank of Pakistan Governor Jameel Ahmed expressed optimism that an increase in remittances and a decrease in inflation would stabilize the economy this year. Speaking at the FPCCI building, he noted that inflation is expected to decline further this month and could settle between 5% and 7% over the next five months. The interest rate has been reduced by 900 basis points to 13% since June last year. The governor highlighted that higher remittances and improved exports would lead to economic stability, with remittances estimated to reach $35 billion in FY25. However, he acknowledged that export figures need a significant boost to reduce the trade gap.