Significant setback as the inflow of workers’ remittances from overseas Pakistanis through official channels dropped to a five-month low of $2 billion in July. This notable decline in remittances could potentially reverse the favourable current account balance achieved over the last four consecutive months, tipping it into deficit in July. This explains the relatively better remittance inflows from Western countries compared to the Middle East, where inflation hasn’t been a significant concern recently. Remittances from the US experienced a 4% drop as well, falling to $238 million from $248 million. Furthermore, remittances from other countries saw a substantial 25% decrease, settling at $398 million for July, compared to $527 million during the same month last year.