Karachi, October 22, 2024: Pakistan has reported a current account surplus of USD 119 million for September 2024, a notable turnaround from the USD 218 million deficit recorded in the same month last year. This marks the second consecutive month of surplus, reflecting a positive shift in the country’s economic landscape. The improvement in the…
Overseas Pakistani workers’ remittances saw a 6.8% decrease, totaling $13.435 billion in the initial six months of FY2023-24, as per the State Bank of Pakistan (SBP). As per the State Bank of Pakistan (SBP) data, remittances from overseas Pakistani workers amounted to $13.435 in the initial six months of the current fiscal year, in contrast…
Karachi, February 15, 2021: Workers remittances exceeded $ 2.0 billion for the eighth consecutive month and amounted to $2.3 billion in January 2021, up by 19 percent over January 2020. However, remittances remained slightly lower from December 2020 level of $2.4 billion. Read more: Shan Foods receives BRC AA rating for food safety On cumulative…
KARACHI, August 13, 2020: In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) has introduced a new mechanism to enable the companies in Pakistan to make instant payments for acquiring digital services from globally recognized digital service provider companies, without any hassle. Now local companies can…
Lahore, July 21, 2020: Pakistan’s Current Account (CA) declined sharply 78 percent during the last fiscal year The CA deficit settled at US$2.97 billion (1.1 percent of GDP) in FY20 compared to a deficit of US$13.43 billion (4.8 percent of GDP) in FY19, a contraction of 78 percent YoY. The marked improvement in CA deficit…