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Finance Ministry Reports 7% Growth in Remittances

Finance Ministry Reports 7% Growth in Remittances

The Ministry of Finance has released its monthly Economic Outlook report, highlighting a 7% increase in remittances, which rose to $6.35 billion during July–August 2025. In August alone, remittances recorded a 6.6% rise, reaching $3.13 billion.

Exports also showed improvement, growing 10.2% to $5.29 billion in the first two months of the fiscal year. In August 2025, exports rose by 2.9% to $2.51 billion. However, imports continued to climb, rising 8.8% to $10.4 billion during July–August. For August alone, imports increased by 5.8%, amounting to $4.98 billion.

The report noted that the current account deficit widened to $624 million in July–August 2025, compared to $430 million in the same period last year. For August, the deficit was recorded at $245 million.

Foreign Direct Investment (FDI) saw mixed trends, with inflows rising 22% to $364.3 million in July–August 2025, but registering a sharp decline of 42.6% in August, totaling $156.2 million.

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