Remittances

ISLAMABAD: Inflows from overseas Pakistanis declined by 7.4% in October when compared to a month earlier even though cumulative remittances reached a record $10.6 billion during the first four months …

Cumulatively, at $8.0 billion, remittances grew by 12.5% during the first quarter of this year over the same period last year.

In terms of growth, remittances increased by 26.8 percent (y/y) in August, which is a decade high growth rate for that month. On a m/m basis, inflows were marginally lower …

The remitters shall register themselves as primary users and will be able to add one supplementary user as a beneficiary. All home remittances through formal channels are eligible under the …

Remittances play an important part in Pakistan’s economy that continues to battle widening trade and current account deficits.

Many studies indicate that remittances tend to increase when receiving households experience disasters or recessions.

In FY21, Pakistan reentered the international capital markets after a gap of over 3 years in early April 2021 and SBP’s foreign exchange reserves rose to record high level

State Bank of Pakistan stated on Tuesday (July 13), that Remittances registered a substantial growth of 27% in FY21 over the previous year which was the fastest rate of expansion …

At $2.7bn, the remittances were up 20% compared to February and 43% compared to March 20. Total $21.5bn during July-March FY21, up 26% over the same period last year.