Pakistan, January 17, 2024 : Pakistan recorded its highest-ever monthly exports of $303 million, up 17 percent MoM and 23 percent YoY in December 2023 with the average of $222 million in IT exports in the past 12-months. According to the details, the IT sector witnessed a surge in its exports due to a relaxation…
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…
Quarterly Payment Systems Report for the quarter Q1 of FY2023-24 is released by the State Bank of Pakistan (SBP), highlighting key advancements within the country’s payment ecosystem and providing an inclusive overview of digital transactional activities. As of quarter-end, there were 33 Banks, 11 Microfinance Banks (MFBs), 4 Electronic Money Institutions (EMIs) and 5 Payment…