• Banks receive 30pc fewer dollars in 1HFY26
• Untraceable outflows raise questions over currency flows
KARACHI: Banks received 30 per cent fewer US dollars from exchange companies in the first half of the current fiscal year, according to official data.
Exchange companies sold about $1.4 billion to banks during July-December FY26, compared with around $2bn in the corresponding period of FY25, reflecting a decline of nearly 30pc.
Exchange companies are required to sell surplus foreign currency in the banking market. However, they are also allowed to sell dollars to individuals for specific purposes.