SBP launches survey to analyze trends in remittances

SBP launches survey to analyze trends in remittances

KARACHI: State Bank of Pakistan (SBP) on Thursday launched a survey of Overseas Pakistanis to analyze recent trends in remittances and the future outlook.

The central bank launched the survey in collaboration with Ministry of Planning, Development and Special Initiatives (MPD&SI).

The survey will be available to all Overseas Pakistanis globally till January 9, 2021.

The survey attempts to assess underlying factors that may have affected recent remittances behavior, including switching from informal to formal channels, from brick and mortar outlets to digital platforms, future plans of moving back to Pakistan, as well as the amount of remittances they expect to send in the next six months.

With the support of the Ministry of Overseas Pakistanis and Human Resource Development (MOPHRD), Ministry of Commerce, Ministry of Foreign Affairs (MOFA) and Pakistan Remittance Initiative (PRI), this survey is being conducted simultaneously at Pakistani Consulates and Embassies, Overseas Bank Branches of Pakistani Banks as well as online.

SBP and MPD&SI encourage Overseas Pakistanis to actively participate in this short online survey. The survey is very easy to access through the following web link: https://surveyctosbp.surveycto.com/collect/survey_on_recent_remittance_behavior_of_overseas_pakistanis?caseid

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