The State Bank of Pakistan (SBP) on Tuesday announced that remittances rose to a historic annual high of $29.4 billion in FY2021 on a cumulative basis. The surge in remittances has helped improve the country’s external sector position despite the challenging global economic conditions in the past year. 1/2 On a cumulative basis, remittances rose to a historic annual high of $29.4 billion […]
remittances
Economic outlook: remittances, exports and imports surge in FY 2021-22
ISLAMABAD: Finance Ministry on Tuesday released an economic outlook report for the month of June 2021, highlighting an increase in exports, imports, remittances, and production of large-scale manufacturing (LSM). According to details shared in the economic outlook report, remittances grew by 29.4 percent with US$26.7 billion received between July to May in the ongoing year of […]
Foreign remittances surge by 34pc: Dr. Shahbaz Gill
Special Assistant to the Prime Minister on Political Communication Dr. Shahbaz Gill on Thursday appreciated the foreign expatriates who sent foreign remittances to the country which have now reached $29.1 billion from $21.7 billion last year, exhibiting 34% increase. In a statement issued here, he said besides tremendous increase in foreign remittances, it is for […]
Bajwa appreciates SBP, overseas Pakistanis for record growth in remittances
ISLAMABAD: Chairman China-Pakistan Economic Corridor (CPEC) Authority Lt. Gen (R) Asim Saleem Bajwa appreciated of State Bank Pakistan (SBP) and overseas Pakistanis for their contribution in enhancing remittances to a record level. Well done State Bank of Pakistan and a big Thank you to overseas Pakistanis. #PakistanMovingForward https://t.co/z8DTor0JTz — Asim Saleem Bajwa (@AsimSBajwa) May 18, […]
MCB partners with World Remit for digital money transfers to Pakistan
Leading digital money transfer service World Remit has joined forces with Muslim Commercial Bank (MCB) for digital money transfers to Pakistan. Using the World Remit app or website, Pakistanis living in over 50 countries including the UK, the United States and Canada, can now send money home instantly to over 1,400 MCB branches across urban […]