Remittances

ISLAMABAD: For the first time, the inflows of remittances in Pakistan exceeded $31 billion in a year. In the fiscal year 2021-22, the expatriates sent $31.20 billion worth remittances to …

ISLAMABAD: The US dollar is set to slip below 200 rupees in the inter-bank and open market in the coming few days as overseas Pakistanis are sending foreign exchange to …

On a monthly basis, inflows were mainly sourced from Saudi Arabia ($707 million), United Arab Emirates ($614 million), United Kingdom ($484 million) and the United States of America ($346 million).

Cumulatively at $ 23.0 billion, remittances grew by 7.1 percent during 9 months of FY22 compared with last year.

The country’s biggest financial crisis in years calls for an increase in remittances.

Remittance inflows during the first seven months of FY22 have mainly been sourced from Saudi Arabia, UAE, UK and USA. Saudi Arabia’s share in overall inflows is about 25 percent.

Cumulatively, at $15.8 billion, remittances grew by 11.3% during the first half of FY22 over the same period last year.

Cumulatively, at $15.8 billion, remittances grew by 11.3% during the first half of FY22 over the same period last year.

The current account deficit widened due to the constantly growing import volume of energy and non-energy commodities, along with a rising trend in the global prices of oil, Covid-19 vaccines, …

In first five months of the current financial, Pakistan has received $12.9 billion workers’ remittances as compared to inflows of $11.76 billion in the corresponding period of last fiscal year, …