In October, remittances from Pakistani workers abroad surged by 11.5 percent on a month-on-month basis, reaching $2.5 billion, as reported by the State Bank of Pakistan (SBP) on Friday. The figures reveal a notable increase from the $2.2 billion recorded in September, signifying robust growth. ...

Pakistan has the potential to attract up to $50 billion in remittances this year, thanks to the government's efforts to streamline the system and combat illegal hawala/hundi channels. Faisal Niaz Tirmizi, Pakistan's Ambassador to the UAE, made this announcement as the chief guest at ...

In a worrisome development, Pakistan has experienced a significant drop in workers' remittances when compared year-on-year (YoY). The latest data from the State Bank of Pakistan (SBP) reveals a 5.34% increase in remittances on a month-on-month (MoM) basis, reaching $2.21 billion, as opposed to ...

In August, overseas Pakistani residents sent an excess of 3% more remittances compared to July. According to the State Bank of Pakistan, in August, Pakistani expatriates living abroad sent a total of 2.1 billion dollars to their homeland. Among these remittances, Pakistani residents in Saudi Arabia ...

State Bank released details of the received foreign remittances in July and August. According to the Central Bank, there was a 22% decrease in foreign remittances in July and August 2023 compared to the previous year. Foreign remittances in July and August 2023 amounted to $4.1 billion, whereas ...

The decline of foreign emittances sent home by overseas Pakistanis continued for the second successive month-on-month in October as the foreign remittances declined by over 9% to clock in at $2.2 billion, according to data released by The State Bank of Pakistan Friday. The remittances were 15.7% ...

Pakistani workers abroad have cumulatively sent $2.76 billion during June this year. In terms of growth, remittances increased by 18.4% compared to May’s $2.33 billion. Inflows increased by 1.7% year-on-year basis. Remittance inflows during June this year mostly originated in Saudi ...

Minister of State for Information and Broadcasting Farrukh Habib has said remittances sent by overseas Pakistanis reached 10.6 billion dollars during the first four months of current fiscal year. In a tweet on Monday, he said the remittances are twelve percent higher as compared to the ...

ISLAMABAD – Remittances sent by overseas Pakistanis registered a substantial 27 per cent growth in the outgoing fiscal year 2021-22, the fastest rate of expansion since FY2003. The remittances, according to the State Bank of Pakistan (SBP), have helped boost the country’s currency reserves ...

Minister of State for Information and Broadcasting Farrukh Habib says volume of remittances and exports is expected to reach 55 billion dollars by the end of current fiscal year. In a video message today (Friday), he said prudent policies of the government have pushed the economy in a right ...