inflows

Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

by
Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

Remittances from overseas Pakistanis exceeded export earnings during the first half of fiscal year 2024-25, highlighting a shift in foreign exchange inflows despite the government’s efforts to boost exports. According to data issued by the State Bank of Pakistan, remittances amounted to $17.645 billion, exceeding exports of $16.561 billion, a difference of $1.084 billion. In … Read more

Inflows into Roshan’s digital accounts exceed $9 billion – Trendy Blogger

by
Inflows into Roshan’s digital accounts exceed billion – Trendy Blogger

Cumulative inflows into Roshan Digital Accounts (RDA) have crossed the US$9 billion mark as of November 7, 2024, marking a major milestone for the initiative. This reflects inflows of more than $256 million since the end of September when the cumulative total reached $8.749 billion. In the current fiscal year 2024-2025, the RDA has collected … Read more

Record remittances are expected as the State Bank of Pakistan expects October inflows to exceed $3 billion – Trendy Blogger

by
Record remittances are expected as the State Bank of Pakistan expects October inflows to exceed billion – Trendy Blogger

Islamabad: In a positive development for the Pakistani economy, the State Bank of Pakistan (SBP) has hinted that remittances for October 2024 are expected to reach or exceed $3 billion. This trend, revealed during the Monetary Policy Committee’s recent briefing, is expected to significantly reduce the current account deficit to negligible levels. The expected remittance … Read more