Press Release of Workers’ Remittances in January 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. On cumulative basis, workers’ remittances reached $16.5 billion during Jul-Jan FY21, registering… Continue reading

Trend of Strong Workers’ Remittances Continues in September

• Workers’ remittances remained above $2 billion for the fourth consecutive month in September. They increased to $2.3 billion, 31.2 percent higher than the same month last year and 9 percent higher than in August. • On a cumulative basis, remittances rose to a record $ 7.1 billion in Q1-FY21,… Continue reading

Workers’ Remittances Remain Strong in August

In August, workers’ remittances remained above $2 billion for the third month in a row. They reached $ 2.095 billion, which is 24.4 percent higher than during the same month last year and largely in line with SBP projections. • Over the last three months, remittances reached an unprecedented level… Continue reading

Press Release on Workers Remittances

The Workers’ Remittances received during July – February FY20 amounted to US $ 15,126.5 million recording an increase US $ 770.7 million or 5.4 percent over remittances received during July – February FY19 (US $ 14,355.8 million). Workers’ remittances during February 2020 amounted to US $ 1,824.3 million recording a… Continue reading

Ministry of Finance reports stronger growth in multiple sectors

ISLAMABAD: Ministry of Finance in a statement claimed macro adjustment policies such as monetary tightening, exchange rate adjustments and cuts in development spending have started paying the desired results with stability and growing strength visible in many sectors of the economy. In a detailed statement, the Ministry has pointed out… Continue reading

Overseas Pakistanis remit $20.19 billion in the first eleven months of FY19

KARACHI: Overseas Pakistani workers remitted US $20.19 billion in the first eleven months (July to May) of FY19, showing a growth of 10.42% compared with US $18.285 billion received during the same period in the preceding year. During May 2019, the inflow of worker’s remittances amounted to US $2.315 billion,… Continue reading

Overseas Pakistanis remit US $17.9 billion in the first ten months of FY19

KARACHI: Pakistani workers remitted US $17.875 billion in the first ten months (July to April) of FY19, showing a growth of 8.45% compared with US $16.481 billion received during the same period in the preceding year. [the_ad id=”32940″] During April2019, the inflow of worker’s remittances amounted to US $1,778.90 million, which… Continue reading

Workers’ remittances rise 6.38 percent to $19.9 billion in FY16

KARACHI: Overseas Pakistani workers remitted $19.9 billion in FY16, showing a growth of 6.38 percent compared with $18.719 billion received during FY15. During June 2016, the inflow of workers’ remittances amounted to $2.072 billion. The country wise details for the month of June 2016 show that inflows from Saudi Arabia,… Continue reading

Budget proposals 2014-2015: remittances amount be restricted to $25,000

KARACHI: The private sector has suggested the government to amend the law of ‘unexplained income and assets’ just to restrict amount of remittances to $25,000 even for investment in industrial activities. As in the existing situation, any amount of foreign outside Pakistan through normal banking channels that is enchased into… Continue reading