Karachi, September 13, 2019: Overseas Pakistani workers remitted US$ 1,690.9 million in August 2019 as compared with US$ 2039.3 million received during July 2019. This showed a decline of US$ of 348.4 million on a month-on-month basis, reflecting the usual one-off post Eid-ul-Azha effect. On workers’ remittances stood at US$ 3,730.2 million during Jul-Aug FY20…
Karachi, August 9, 2019: Pakistan received over two billion dollar on account of home remittances during the first month of this fiscal year. Overseas Pakistanis remit US$ 2 billion in the first month of FY20. Overseas Pakistani workers remitted US$ 2039.30 million in the first month (July) of FY20 as compared with US$ 1981.73 million…
Karachi, July 10, 2019: Overseas Pakistani workers remitted the US $21.85 billion during FY19 showing a growth of 20 compared with the US $19.9 billion received during the same period in the preceding year. Pakistan is already facing a balance of payment crisis and it needs massive external inflows to overcome from this crisis. Home…
Karachi, January 17, 2019: In order to encourage banks to collect more funds for construction of Dams, State Bank of Pakistan (SBP) has announced to reimbursement of TT Charges on dam fund remittances transactions. SBP has announced that the amount received by domestic banks from overseas Pakistanis as donations/contributions for the ‘Prime Minister and Chief…