Remittance

Remittances hit a two-year high of nearly $3 billion in March

March sees 2-year high; IFC approves $400m financing for PTCL

Overseas Pakistanis send 18% higher remittances that reach $2.25b

Surge by 26% to reach $2.39b in January 2024, signalling confidence in economy

Govt initiatives for freelancers to boost IT remittances to over $600m mark

SBP report says remittances during December 2023 were mainly sourced from Saudi Arabia, UAE, UK and US

Offers cash reward, higher TT charges to banks and exchange firms

SBP reports 19% dip, plunging to $2.03b compared to previous year’s $2.51b

Inflows during August mainly sourced from Saudi Arabia, UAE, the UK and US

A closer look at country-wise remittance flows reveals some interesting patterns

Country received $2.4b as overseas Pakistanis increasingly used formal channels

In current year, inflow of remittances has surpassed level of exports

Announces 'good news for economy', says remittances rose to $2.34b in previous month, according to SBP

Country receives $2.28b in Oct 2020 compared to $2b in same month of 2019

Country should sustain rise in remittances, push for economic growth revival

The government needs to be prepared

Inflows exceed $2b mark for third consecutive month

Whether it contributed to tilting the balance in favour of the PTI would require in-depth research

Pakistan may lose significant amount as jobless expatriates return home

Overseas Pakistani workers will need all the help they can get from the authorities to limit their losses

State Bank of Pakistan aims to mitigate risk of drop in foreign currency inflow

Currency loses Rs2.34 to close at Rs156.58 in inter-bank market

Experts call for channelling funds to meet silent emergency in health, education

Upbeat outlook on back of technological advancement, reduced cost of repatriating funds

This would also enable freelancers to expand their businesses

Remittances increase as expatriate Pakistanis utilise legal channels

The latest figures on remittances from abroad are in line with the trend

Growth attributed to sharp rise in number of people who went abroad in 2019

SBP is not lending money to the govt since beginning of the current fiscal year

Pakistan receives $5.47 billion in July-September quarter, down 1.43% from previous year

Plays an essential role in building financial resilience for the country

Sharp slump in rupee, govt measures also contribute to
higher inflows

Surge comes ahead of Ramazan and Eid as expenditures likely to spike

Overseas Pakistanis send home $14.35b in first eight months of FY19

Special Assistant to PM says government focusing on expat-friendly banking environment

Pressure will mount on rupee; Pakistan’s payment capacity will weaken

PM aide says government plans to strengthen banking channels

In four cases relating to remittances to India

Says removing hindrance, procedural issues will increase remittance flow by $10-20 billion

At $19.3b, Pakistan ranks fifth among top remittance-receiving countries

Inflows from Saudi Arabia and UAE continuously declining

Aims to encourage payments through accounts instead of traditional cash over counter

With exports and forex reserves falling, Pakistan needs damage control measures.

Post-Brexit uncertainty fuels economic concerns for AJK

Current account deficit expected to widen, will add pressure on foreign exchange reserves, says brokerage house

Higher numbers of foreigners are now visiting Pakistan; Europeans top of the list

Low crude oil prices, global economic slowdown main causes of reduction

10-month figure drops to $15.59 billion as pressure continues

A big challenge for migrant workers is access to cheap banking and financial services

Review of laws may create panic, says committee chairman