Remittances Archives

Pakistan receives all-time high $3.12 billion remittances in April

For the first time, Pakistan’s remittances crossed the figure of $3 billion in a month, which gave hope that the country would...

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Pakistan’s remittances reach historic high of $2.8 billion in March

Workers’ remittances remained beyond $2 billion for a record 22nd successive month, having an inflow of $2.8 billion received in the month...

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Remittances soar to $20.14 billion during July-February

Workers’ remittances in February stood at around $2.2 billion, showing a growth of two percent month-on-month. The remittance from the overseas Pakistanis...

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Remittances exceed $2 billion for 20th consecutive month

The overseas Pakistanis have sent the remittances that fell by 5 percent year-on-year to $2.144 billion in January as stated by the...

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Remittances hit all-time high of $15.8 billion in July-December

Remittances from Pakistani individuals working overseas increased by 11.3 percent to $15.8 billion in the first half of this fiscal year, according...

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Remittances to keep current account deficit manageable

The Ministry of Finance emphasizing the growing recent account deficit and greater inflationary pressure as foremost tests has said dependence on greater...

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Foreign remittances fall by 6.6% to $2.35 billion in November 2021

Pakistan’s overseas remittances dropped by 6.6% during November 2021, as the exchange rate of the country also continues to obstinately drop against...

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Remittances up 9.7% to $12.9 billion in five months

In November 2020, the remittances received from overseas Pakistanis had stood at $2.33 billion while during the same month, this year, they...

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Remittances rise 11.9% to $10.6 billion in four months

A decline of 7.4 percent has been recorded in the inflows for overseas Pakistanis in the month of October as compared to...

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Remittances see 10 percent increase in first two months of FY22

Pakistan has received $5.364 billion in remittances during the first two months of the fiscal year 2021-22 (2MFY22), showed an increase of...

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Overseas Pakistanis can now redeem cash-rewards for sending remittances

The government is going to allow the remitters to redeem in-cash rewards for the points earned for sending remittances to Pakistan through...

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Roshan Digital Account inflow hits $2 billion

Roshan Digital Account (RDA) which was introduced last September became a wonderful source of getting foreign exchange as the deposits in this...

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Pakistan received record $2.71 billion remittances in July

Pakistan has received the third largest workers’ remittances amounting to $2.71 billion in July, the first month of current fiscal year. The...

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State Bank revises forex rules for commercial remittances

The State Bank of Pakistan (SBP) changed foreign exchange instructions, facilitated the making of commercial remittances abroad through a number of ways...

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Remittances in Pakistan soar all time high to $29.4 billion in FY21

Pakistan has recorded an almost two-decade high growth rate in remittances from abroad, as overseas Pakistanis remitted $29.4 billion during the fiscal...

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Remittances surge by 29.4 percent in 11 months

Workers’ remittances stayed above $2 billion for 12th consecutive month, as sending money home rose to $26.7 billion during July-May 2020-21, higher by 29.4 percent...

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Remittances rise to an all-time high of $2.8 billion in April

Remittances by overseas Pakistanis rose to an all-time high of $2.8 billion in April, showing growth of 56 percent higher than a...

Pakistani Rupee's Downward Trend Continues Amid Increasing Debt Repayment Pressures

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Pakistan records remittances over $2b for 10th consecutive month

Pakistan has recorded an increase of 26% in remittances of above $2 billion for the 10th consecutive month in March, revealed SBP. ...

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Remittances to Pakistan set to cross record $28 billion this year

Looking at the trend of remittances to Pakistan that remained above $2 billion mark for the seventh month in a row, totalling...

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Remittances stay over $2bn for fifth month, October grow by 14pc

According to the State Bank of Pakistan, the country’s remittances remained above $2 billion for the fifth consecutive month in October 2020....

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Rupee at 5-month high against dollar, reducing Pakistan debt by Rs760 billion

The Pakistani Rupee is gradually gaining momentum against the US Dollar in the interbank market as it regained Rs 1.12 against the...

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Remittances to Pakistan rise to record $7.1 billion in 1st FY21 quarter

Overseas Pakistanis sent record $7.1 billion remittances in the first quarter of the fiscal year 2021 (July to September), the State Bank...

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Pakistan posts current account surplus for the second month

On Wednesday, the State Bank of Pakistan released data about Pakistan’s current account balance which is still in surplus for the second...

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PM Imran announces $424mn current account surplus for July

Pakistan’s current account swung into a surplus of $424 million for July, which is the fourth monthly surplus since last October, announced...

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Pakistan recorded ‘highest-ever’ remittances in July: PM Imran

On Monday, Prime Minister said that Pakistan has recorded the highest ever remittances from overseas Pakistanis in July 2020. Prime Minister Imran...

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IT, ITeS export remittances grow 20.75 percent as per PSEB report

The Federal Minister of Information Technology revealed on Twitter that IT and IT-enabled services export remittances including computer and call center services...