Remittances

Inflows jump 51% to $2.47b in June 2020 from $1.64b in June 2019

Govt should facilitate returning expats and take advantage of their skills

Overseas Pakistanis will be encouraged to send money via banks

Inflows stand at $1.87b compared to $1.79b in April

Inflows may help rupee to strengthen against dollar in short run

Register 6.2% growth in Jul-Mar on year-on-year basis

Experts say beginning of Ramazan may improve inflows

Earnings amounted to $14.36b in the same period of previous fiscal year

Steps aimed at promoting legal channels of sending remittances

Inflows will help improve country’s capacity to make import, debt payments

Strategy will encourage additional workers’ remittances of at least $1.2b per year

Inflows are almost flat, come in line with market expectations

Overseas Pakistanis send home $1.7b in Aug 2019

Surge comes on back of improved economic activities, jobs in UK, US

Remittances are a lifeline to low- and middle-income countries and an effective way to alleviate poverty

Experts say people need to create sense of belonging to Pakistan

Banker remains dissatisfied, saying inflows should have been much higher

Meeting approves establishment of National Challenges Bank

Inflows from western countries remain major contributors

Expected rise in Pakistan’s workforce in Qatar, Saudi Arabia will lead to higher remittance inflows

Drop comes despite rupee depreciation, crackdown on illegal channels

Pakistan is one of the top 10 remittance recipients worldwide received $21 billion in remittances last year

With the technology, financial transactions will be instant, secure and documented

India retains its top position, China second with $67b; Pakistan also makes it to top 10 with $19b remittances

This way Pakistan will be able to avoid IMF dictates, says businessman

PM approves measures to encourage overseas Pakistanis

Boost comes following significant recovery in international oil prices

Growth may be attributed to recovery in crude oil prices, rupee depreciation

Inflows from Saudi Arabia and UAE rise significantly

Pakistan falls short by $1b as oil-exporting and producing countries cut back

Pakistanis sent remittances worth billions of dollars that played a crucial role in the economy

Pakistan likely to miss overall fiscal year target of $20.7b

Partnership to offer remittance payout services

Pakistan must give priority to industry and export growth as it has a large population

Saudi Arabia continues to lead with workers sending home $399.56m

Trade deficit for current fiscal year estimated at $29 billion

These foreign remittances can be used for the creation of new employment opportunities

Saudi Arabia remained largest source with $427.62 million

Remittances from migrant workers are a significant element of the Pakistan economy

An estimated 252,000 Filipinos and Filipinas work in Kuwait and depend on remittances

Used as a transfer mechanism rather than a currency, it circumvents banks’ transaction fee

Economy suffers on multiple fronts due to low revenue

Presents draft before Senate panel to limit tax-free inflow of remittances to Rs10m a year

Overall, overseas Pakistani workers remitted $11.383b in seven months of ongoing fiscal year

High growth seen in amounts from UK and US as weaker rupee helps

Inflow from all countries amounts to $1.654b, up 28% month-on-month

The most obvious option would be to boost exports in non-traditional areas

11-month figure, however, shows a decline of 2.13%

Overseas Pakistanis will be able to send money conveniently, at lower cost

Foreign remittances to Pakistan have reduced by 6.9 per cent