Karachi, December 8, 2023 – The State Bank of Pakistan (SBP) has reported a notable decline in foreign remittances, revealing a 10 percent drop to $11.05 billion during the initial five months (July – November) of the current fiscal year 2023-2024.
Karachi, November 10, 2023 –Pakistan has recorded a substantial 11.54% increase in foreign remittances, reaching $2.46 billion in October 2023. This surge, as reported by the State Bank of Pakistan (SBP) on Friday, is attributed to the government’s robust crackdown against currency smuggling and hoarding.
Karachi, October 10, 2023 – Pakistan has experienced a significant 20 percent decline in foreign remittances during the first quarter (July – September) of fiscal year 2023-24.
Karachi, June 28, 2023: Following strong criticism from stakeholders, Pakistan has decided to withdraw its proposal to grant immunity to the inflow of foreign remittances.
According to data released by the State Bank of Pakistan (SBP) on Wednesday, the inflow of foreign remittances into Pakistan has sharply dropped by 29% during the month of April 2023.
State Bank of Pakistan
KARACHI: Inflows of foreign remittances into Pakistan have declined by 11 per cent during first seven months (July – January) of fiscal year 2022-2023, the central bank said on Monday.
State Bank of Pakistan
KARACHI: Remittances sent by overseas Pakistani workers living in Saudi Arabia fell by 7.5 per cent during first two months of the fiscal year 2022/2023. Pakistani workers living in Saudi Arabia are remain the major sender of remittances during the period under review. The country received $1.27 billion from Saudi Arabia during July – August […]
State Bank of Pakistan
KARACHI: Pakistan has received a monthly record workers’ remittance of $3.13 billion in the month of April 2022, the central bank said on Friday. The State Bank of Pakistan (SBP) said the remittances grew by 12 per cent in April 2022 to $3.125 billion as compared with $2.79 billion received in April 2021. Meanwhile, the […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) has received $2.2 billion as workers remittances during February 2022, a statement said on Thursday. With $2.2 billion of inflows during February 2022, workers’ remittances continued their strong performance and have remained above $2 billion since June 2020. In terms of growth, during February 2022, remittances increased by […]
State Bank of Pakistan
KARACHI: Pakistani workers living abroad have sent $15.8 billion to their homeland during first half (July – December) of the fiscal year 2021/2022, State Bank of Pakistan (SBP) said on Friday. The workers’ remittances grew by 11.26 per cent when compared with $14.2 billion in the same period of the last fiscal year. READ MORE: […]