remittances

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

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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

PM praises overseas Pakistanis for record remittances, rejects economic criticism – Trendy Blogger

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PM praises overseas Pakistanis for record remittances, rejects economic criticism – Trendy Blogger

Prime Minister Muhammad Shehbaz Sharif on Friday congratulated the nation on the record increase in foreign remittances in December 2024, saying the claims of those who were chanting to halt the country’s economy have been proven to be baseless. Foreign remittances increased during December 2024 to $3.1 billion compared to November 2024, recording a monthly … Read more

Prime Minister’s Committee urges increased IT export remittances – Trendy Blogger

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Prime Minister’s Committee urges increased IT export remittances – Trendy Blogger

Islamabad: The Prime Minister’s Committee on IT Export Remittance, in a meeting on Friday, noted that while Pakistan’s IT exports are increasing steadily, a major portion of the profits remains unremitted as many IT companies fail to repatriate the full amount. of its foreign income. The meeting, chaired by Finance and Revenue Minister Senator Muhammad … Read more

Remittances from workers in Pakistan are expected to reach $35-36 billion in FY25 – Trendy Blogger

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Remittances from workers in Pakistan are expected to reach -36 billion in FY25 – Trendy Blogger

Remittances sent by Pakistanis working abroad are expected to reach $35-36 billion by the end of the current fiscal year 2024-25, according to data compiled by Topline Securities. This would be a 16% year-on-year increase from incoming remittances during the previous fiscal year 2023-2024. According to data from the State Bank of Pakistan (SBP), workers’ … Read more

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

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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

September remittances rose 29% to US$2.85 billion year-on-year due to stabilization of the rupee – Trendy Blogger

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September remittances rose 29% to US.85 billion year-on-year due to stabilization of the rupee – Trendy Blogger

US $100 bills are shown in this illustration taken in Seoul on February 7, 2011. — Reuters Pakistan receives highest ever quarterly remittances in Q1 FY2025. Saudi Arabia leads in September remittances, with a total of $681.3 million. Analysts say the rise is driven by exchange rate stability. Remittances rose 29% year-on-year to $2.849 billion … Read more