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Relief in remittances and reserves, yet economic crisis not over

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Relief in remittances and reserves, yet economic crisis not over
Although remittances and foreign exchange reserves have brought some relief to the economy, inflation, investment, and the banking sector crisis are still not overcome, according to the Metropolitan Chamber of Commerce and Industry (MCCI).

In the organization's April-June 2026 quarterly report, it was said that in the just-concluded 2025-26 fiscal year, GDP growth increased to 4.14 percent, but it is lower than the country's potential. In June, inflation dropped slightly to 9.16 percent, but inflationary pressure on people still remains.

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However, a positive picture was seen in the external sector. During April-June, remittances of $9.38 billion came into the country, and at the end of June, foreign exchange reserves stood at $37.58 billion.

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According to MCCI, to make the economic recovery sustainable, it is essential to control inflation, overcome the weaknesses of the banking sector, increase private investment and credit flow, and strengthen export growth.

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