Remittances

Overseas Pakistanis sent $8.8 billion home in the first quarter, a significant increase in remittances.

Inflows increase 54%, pave way for current account surplus for 4th month in a row

Workers’ remittances, tech exports propel economy; narrows CAD to $202m

SBP reported that workers’ remittances increased by 3.5% to $23.8b FY24

Reaches $397m in Dec, as imports reduced to $4.09b, remittances reached $2.38b

Stability in rupee-dollar parity, crackdown on illegal networks boost numbers

Remittances are also down over 10% in current fiscal year to date

Fall 9% from $2.46b in Oct due to volatile exchange rate

Expatriates increasingly use official channels following crackdown on illegal network

Inflows dipped 24% to $2.09b in Aug as illegal networks attract more money

4.4% lower compared to the $2.19 billion recorded in April 2023

Minister says no check on $100,000 inflows

Huge chunk flows via illegal networks due to attractive exchange rates

Overseas Pakistanis sent home $2.21 billion in April

The receipts, however, dropped 10.7% to $2.53 billion in March compared to the same month of the previous year

Non-residents continue to dispatch funds via informal channels

Ishrat Husain says social remittances can contribute to increasing market productivity

The remittances dropped 11% to $16 billion during the first seven months of current fiscal year

SBP says inflows stood at $2.10b in Nov; major reduction comes from UAE

Many expatriate Pakistanis opt for informal channels that offer attractive rates

Experts attribute this big drop in remittances to the post-Eid and post-Hajj drop-off

Rise in remittances, fall in imports restrict the deficit to $623m in April

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Says remittances to Pakistan have continued strong momentum with inflows of $2.7 billion during September 2021

Use of formal channels, curtailed cross-border travel drive the boost in inflows

Govt may face challenge of unmanageable current account deficit

India's attitude in UNSC regrettable, says FM

Modest receipts will tackle rising imports, help govt achieve economic growth target

Investment in Naya Pakistan Certificates surpass $1b

Remittances continue their merry march, exceeding $2 billion consecutively for 12 months

FO spokesperson said overseas Pakistanis are a 'great asset' for country

One billion dollars sent to Pakistan in remittances in the last seven months

Premier terms overseas Pakistanis 'greatest asset'

Government will have to establish mechanism for workforce vaccination to ensure unrestricted movement

Economy expected to grow 2% against SBP’s earlier projection of 3% for FY21

Says those mistreating Pakistani labourers would be given exemplary punishments

Premier says remittances rose 26pc this fiscal year; $2b sent for 10 consecutive months

Premier says overseas Pakistanis are the greatest asset; directs to tap the 'enormous potential'

Imran Khan thanks overseas Pakistanis for making December yet another record-breaking month

Says Pakistan's remittances increased by 27 per cent, foreign direct investment by 150 per cent

Country receives $11.77 billion in first five months (Jul-Nov) of current fiscal year

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

Objective is to make Pakistan attractive place for investment

This sustained rise points to more profound causes of a change that appears to be lasting

Inflows stand at $2.3 billion during the month, up 31% year-on-year

Benchmark KSE-100 index drops 588.61 points to settle at 40,209.82

Pakistan recorded an inflow of $2.3b foreign currency in September

With remittances expected to decline sharply due to job losses devaluation is almost certain to continue

Imran says 2.76b remittances show 12.2% increase over amount sent in June

Anticipates 27% decline in inflows due to global lockdowns, loss of jobs, drop in income