Tag: Remittances

The overseas Pakistanis sent back home over $5.239 billion during first five months, July–November 2011, of the current fiscal year, central bank has reported....

Pakistanis working abroad remitted over $4.315 billion during first four months (July–October) of the current fiscal year (2011-12), the central bank reported Monday. This...

The economic mangers in Pakistan must have raised their eyebrows after the Saudi labour minister’s recent announcement to limit the flow of remittances from...

The country’s economic managers must be jubilant over, what the central bank said, an “impressive” growth in the country’s foreign exchange sent back home...

Overseas Pakistani workers remitted a record amount of $1,310.47 million during the month of August this year, the State Bank of Pakistan (SBP) said...

NBP has signed remittance arrangement with National Commercial Bank (NCB) Saudi Arabia, the largest commercial bank in Saudi Bank and in the Arab world....

Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $1,096.31 million was received in the country in...

The rupee recovered on Thursday from a record low from the previous day because of lack of import payments, but dealers expect the local...

Remittances by overseas Pakistanis have exceeded the Annual Plan’s estimates for FY11 by $2.2 billion or 24.4 per cent. The remittances have crossed the...

Remittances sent homewards by the Pakistani Diaspora have crossed the $10 billion mark for the first time in country’s history. They have transmitted an...

Pakistan’s external accounts are set to improve further, as oversees Pakistanis continue to send back home over $1.0 billion every month for the last...

The federal government has decided to give one percent rebate on each dollar remitted by money exchangers to the country. This was announced by...

KARACHI - Overseas Pakistani workers remitted a historic $1,052.88 million in March, 2011 compared to $763.72 million in the same month of the last fiscal year (March 2010), showing a tremendous jump of $289.16 million or almost 38 percent.
Workers' remittances have escalated to such a level for the first time in Pakistan's history. Previously, the highest amount remitted in a single month was in August 2010, when $933.06 million was sent home.
Remittances from Saudi Arabia,

ISLAMABAD - Pakistani expatriates, in various foreign counties, have sent home remittances of over $7.0 billion during the six months of the current Fiscal Year and the figure is likely to reach $11 billion by year end. Bureau of Emigration Director Rana Matloob Ahmed said this at a seminar on 'Socio-economic development and labour emigration', here on Tuesday.
He stated that the government is sending an annual 4,00,000 labourers to different countries of the world. According to

KARACHI - Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of over $6.963 billion was received in the first eight months (July-February) of the current fiscal year 2010-11.
This shows an increase of over $1.176 billion or 20.32 percent compared to $5.787 billion received over the last corresponding period, the State Bank said. In the period, inflow of remittances from UAE, Saudi Arabia, USA, GCC (Gulf Cooperation Council) countries

LAHORE - State Bank of Pakistan launched the historic Pakistan Remittance Initiative (PRI), in August 2009 to boost and facilitate the flow of remittance sent home by expatriate Pakistanis. As a result of exemplary initiatives taken by SBP, in this connection, the volume of home remittance attained tremendous growth during last couple of years. An amount of $6,118 million has been received from July 2010 to January 2011 showing a rise of $920 million (17.70 percent) over the

KARACHI - United Bank Limited (UBL), one of Pakistan's largest commercial bank, has signed an agreement with Xpress Money, a leading money transfer company to facilitate home remittances sent by Pakistanis living abroad. UBL and Xpress Money have an extensive network of branches, with UBL having over 1,100 branches nationwide and Xpress Money having its presence in 90 plus countries.