Remittances
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October remittances jump 24% year-on-year to $3.05bn
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A money dealer counts US dollars at currency exchange. — AFP/File Overseas workers’ remittances swelled 23.9% to $3.1 billion in October 2024 from $2.46 billion recorded in the same month last year, data released by the State Bank of Pakistan (SBP)…
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Remittances jump 29% YoY in Sept on exchange rate stability
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An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016.— Reuters Remittances sent home by overseas workers jumped 29% year-on-year (YoY) to $2.849 billion in September from $2.208 billion in the same…
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Govt to streamline remittances | The Express Tribune
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ISLAMABAD: The Executive Director of the State Bank of Pakistan, Syed Sohail Jawad, announced on Saturday that the government is committed to integrating overseas Pakistanis into the national financial system. Speaking on PTV News, he acknowledged the challenges faced by…
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Buna-Raast: PM Shehbaz unveils project to ease remittances from Arab countries | The Express Tribune
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Listen to article Prime Minister Shehbaz Sharif has launched the Buna-Raast connectivity project, marking a significant step forward in enhancing Pakistan’s digital payment infrastructure. The initiative links Pakistan’s Raast payment system with the Arab Monetary Fund’s Buna platform, enabling millions of overseas…
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Overseas workers’ remittances surge to $30.3bn in FY24; up 10.7%
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A money exchange employee counts dollars. — AFP/File Remittances sent home by overseas workers hit $30.3 billion in the fiscal year 2023-24 (FY24), up 10.7% year-on-year from $27.3 billion in the fiscal year 2022-23 (FY23), State Bank of Pakistan (SBP)…
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Pakistan breaks records with $3.24b remittances | The Express Tribune
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KARACHI: In a historic development, Pakistan hit an all-time high inflow of workers’ remittances sent home by non-residents at $3.24 billion in May 2024 on Friday. This surge suggests that the balance of the current account would remain in surplus…
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April remittances reach $2.8 billion, second highest in FY23-24 | The Express Tribune
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KARACHI: Pakistan received the second-highest workers’ remittances of the ongoing fiscal year 2023-24 at $2.8 billion in April 2024, contributing to the improvement of the country’s foreign exchange reserves and supporting stable rupee-dollar parity. The State Bank of Pakistan (SBP)…
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March remittances soar to near $3 billion, up 31.27% MoM
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A foreign currency dealer counts US dollar notes at a shop in Karachi.—AFP/File Remittances from overseas Pakistani workers soared by 31.27% month-on-month (MoM) to $2.95 billion in March from $2.25 billion recorded in the previous month, the latest data released…
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Remittances up ahead of Ramazan | The Express Tribune
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KARACHI: The inflow of workers’ remittances rose 18% in February 2024 compared to the same month of last year, reaching $2.25 billion ahead of the fasting month of Ramazan that is beginning next week. According to State Bank of Pakistan’s…
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Remittances rise slightly in January to $2.4bn
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A currency exchange agent counts US Dollars at his company in Iraq’s southern city of Basra, on December 8, 2023. — AFP KARACHI: Pakistan received $2.4 billion in remittances from its overseas workers in January, up by 0.6% from the previous month, said…
