Pakistan’s central bank said its citizens living abroad sent $2.5 billion back to their home country in March as the economy battles with one of its worst economic crises.
, which last week prompted top political and military leaders to order new operations against the Pakistani Taliban, a militant group that is separate but allied with the Afghan Taliban. The Pakistani Taliban have stepped up attacks on security forces since unilaterally ending a cease-fire with the government last November.
The emblem of the State Bank of Pakistan is seen on Jan. 23, 2023. The State Bank said Pakistanis living abroad sent 27.4% more cash back home in March than in February. Economists fear a failure to get the IMF loan would spark a surge in inflation. About 21% of Pakistan’s 220 million people live in poverty.
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