remittances Archives - Page 3 of 8

Pakistan Records Highest Monthly Remittances $3.2B in May 2024

June 7, 2024June 7, 2024Shahnawaz Akhter

PkRevenue.com – Pakistan has achieved a historic milestone by recording all-time high monthly remittances of $3.24 billion in May 2024, according to official data released on Friday by the State Bank of Pakistan (SBP).

Remittances Surge by 27.9% to $2.8 billion in April 2024

May 10, 2024May 10, 2024Faisal Shahnawaz

Karachi, May 10, 2024 – Pakistan has witnessed a significant surge in workers’ remittances, with inflows climbing by 27.9% to $2.8 billion in April 2024 compared to the same month last year, according to the latest data released by the State Bank of Pakistan (SBP).

Pakistan Remittances Surge by 31% MoM in March 2024

April 8, 2024April 8, 2024Shahnawaz Akhter

Karachi, April 8, 2024 – Pakistan has witnessed a significant surge of 31 percent in remittances on a month-on-month (MoM) basis in March 2024.

Workers’ Remittances into Pakistan Grow 13% in February 2024

March 8, 2024March 8, 2024Shahnawaz Akhter

Karachi, March 8, 2024 – The State Bank of Pakistan (SBP) reported a substantial 13 percent Year-on-Year (YoY) growth in workers’ remittances to Pakistan in February 2024.

Inflow of Remittances Dips to $15.82 Billion in 7MFY24

February 12, 2024February 12, 2024Shahnawaz Akhter

Karachi, February 12, 2024 – The State Bank of Pakistan (SBP) reported on Monday that the inflow of workers’ remittances has witnessed a decline to $15.82 billion during the first seven months (July – January) of the fiscal year 2023-24.

Pakistan Witnesses 7% Decline in Remittances in 1HFY24

January 10, 2024January 10, 2024Faisal Shahnawaz

Karachi, January 10, 2024 – Pakistan experienced a significant 7 percent decline in the inflow of workers’ remittances during the first half (July – December) of fiscal year 2023-24, according to official data released by the State Bank of Pakistan (SBP) on Wednesday.

Arab Monetary Fund and Pakistan Forge Partnership to Boost Cross-Border Remittances

November 3, 2023August 1, 2024Faisal Shahnawaz

Karachi, November 3, 2023 – The Arab Monetary Fund (AMF) and Pakistan have inked a Memorandum of Understanding (MoU) for enhancing cross-border remittances.

State Bank of Pakistan Introduces Cash Slabs to Promote Remittances

September 21, 2023September 21, 2023Shahnawaz Akhter

Karachi, September 21, 2023 – The State Bank of Pakistan (SBP) announced the introduction of cash slabs as part of incentive schemes to promote remittances and encourage domestic financial institutions (FIs) to increase their marketing efforts for mobilizing home remittances through formal channels.

Pakistan Launches New Scheme to Attract Foreign Remittances

September 16, 2023September 16, 2023Mrs. Anjum Shahnawaz

Karachi, September 16, 2023 – In an effort to encourage expatriate Pakistanis to send money back to their homeland, Pakistan has introduced a new incentive scheme.

Pakistan Sees Over 21% Decline in Workers’ Remittances in 2MFY24

September 11, 2023September 11, 2023Mrs. Anjum Shahnawaz

Karachi, September 11, 2023 – Pakistan has witnessed a substantial decline in workers’ remittances, with inflows plummeting by over 21 percent during the first two months of fiscal year 2023-24.

Tag: remittances