The upside (why markets cheer)
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Currency stability: FX inflows smooth volatility.
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Reserve cover: Improves import financing and debt optics.
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Household resilience: Rural incomes (KP, Punjab) see material support.
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Counter-cyclical buffer: Remittances often rise when domestic growth falters.
The risk (why economists worry)
Remittances can plug the current-account gap, but they can also delay hard reforms:
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