Remittance
More News
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Rupee stable at 278.40 to a dollar
Remittances hit a two-year high of nearly $3 billion in March
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Remittances soar to $2.95 billion
March sees 2-year high; IFC approves $400m financing for PTCL
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Remittances up ahead of Ramazan
Overseas Pakistanis send 18% higher remittances that reach $2.25b
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Remittances soar to 3-month high
Surge by 26% to reach $2.39b in January 2024, signalling confidence in economy
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IT remittances set to surge 20-25% by year-end
Govt initiatives for freelancers to boost IT remittances to over $600m mark
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Remittances increase to $2.38 billion in December 2023
SBP report says remittances during December 2023 were mainly sourced from Saudi Arabia, UAE, UK and US
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SBP brings incentives to attract remittances
Offers cash reward, higher TT charges to banks and exchange firms
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Remittances plummet to five-month low in July
SBP reports 19% dip, plunging to $2.03b compared to previous year’s $2.51b
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Remittance inflow increases by 8%, SBP reports
Inflows during August mainly sourced from Saudi Arabia, UAE, the UK and US
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The changing geography of remittance inflows
A closer look at country-wise remittance flows reveals some interesting patterns
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Remittances set another record in Dec
Country received $2.4b as overseas Pakistanis increasingly used formal channels
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Role of remittances in country’s current account
In current year, inflow of remittances has surpassed level of exports
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Remittances remain above $2b for sixth month in a row: PM Imran
Announces 'good news for economy', says remittances rose to $2.34b in previous month, according to SBP
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Remittances remain above $2b
Country receives $2.28b in Oct 2020 compared to $2b in same month of 2019
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Pandemic-related trade challenges
Country should sustain rise in remittances, push for economic growth revival
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Expat dollars
The government needs to be prepared
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Remittances rise 24% to $2.1b in Aug
Inflows exceed $2b mark for third consecutive month
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Remitting political influence
Whether it contributed to tilting the balance in favour of the PTI would require in-depth research
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Pakistan's inflow of remittances under threat
Pakistan may lose significant amount as jobless expatriates return home
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Will Covid affect our remittance inflows?
Overseas Pakistani workers will need all the help they can get from the authorities to limit their losses
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State Bank of Pakistan raises margins on remittances
State Bank of Pakistan aims to mitigate risk of drop in foreign currency inflow
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Rupee plunges against dollar, gold shines
Currency loses Rs2.34 to close at Rs156.58 in inter-bank market
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UK diaspora sending over Rs249b charity annually
Experts call for channelling funds to meet silent emergency in health, education
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Moody’s expects Pakistan to sustain growth in remittances
Upbeat outlook on back of technological advancement, reduced cost of repatriating funds
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SBP raises remittance limit for freelancers
This would also enable freelancers to expand their businesses
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Overseas Pakistanis remit $13.3bn in Jul-Jan FY20
Remittances increase as expatriate Pakistanis utilise legal channels
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Legal inflows, illegal channels
The latest figures on remittances from abroad are in line with the trend
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Remittances hit 7-month high at $2.09b in Dec
Growth attributed to sharp rise in number of people who went abroad in 2019
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Use of illegal remittance channels on the rise in Pakistan: Reza Baqir
SBP is not lending money to the govt since beginning of the current fiscal year
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Pakistan's remittance flow slows down in Q1
Pakistan receives $5.47 billion in July-September quarter, down 1.43% from previous year
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Bringing down the cost of remitting to Pakistan
Plays an essential role in building financial resilience for the country
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Remittances cross $2b mark in May owing to Ramazan
Sharp slump in rupee, govt measures also contribute to
higher inflows -
Remittances rise to 3-month high at $1.74b in March
Surge comes ahead of Ramazan and Eid as expenditures likely to spike
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Remittances rise 12% as workers rely on legal channels
Overseas Pakistanis send home $14.35b in first eight months of FY19
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Steps taken to boost remittance: Zulfi Bukhari
Special Assistant to PM says government focusing on expat-friendly banking environment
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Overseas workers: Remittances slow down by massive $400m in Nov
Pressure will mount on rupee; Pakistan’s payment capacity will weaken
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‘Over $15b being remitted through illegal channel’
PM aide says government plans to strengthen banking channels
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FIA submits challans to Customs court
In four cases relating to remittances to India
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PM Imran announces measures to facilitate overseas Pakistanis
Says removing hindrance, procedural issues will increase remittance flow by $10-20 billion
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Pew Research Center report: The flow of remittances in and out of Pakistan
At $19.3b, Pakistan ranks fifth among top remittance-receiving countries
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Remittances decline 2.57% to $1.57b in November
Inflows from Saudi Arabia and UAE continuously declining
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SBP launches account to facilitate beneficiaries of remittances
Aims to encourage payments through accounts instead of traditional cash over counter
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Remittance: Even our saving grace is now letting us down
With exports and forex reserves falling, Pakistan needs damage control measures.
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Brexit may hit AJK economic ties with Britain
Post-Brexit uncertainty fuels economic concerns for AJK
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Slowdown in remittances, exports add to economic woes
Current account deficit expected to widen, will add pressure on foreign exchange reserves, says brokerage house
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Overseas investors in Pakistan find 94% reduction in crime
Higher numbers of foreigners are now visiting Pakistan; Europeans top of the list
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Remittances down 3% in fiscal year 2016-17
Low crude oil prices, global economic slowdown main causes of reduction
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Remittances down 7% in April
10-month figure drops to $15.59 billion as pressure continues
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Two former bankers just built an app for migrant workers
A big challenge for migrant workers is access to cheap banking and financial services
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Pakistanis legally sending $2 billion abroad yearly
Review of laws may create panic, says committee chairman