Increase in remittances inflow beneficial for Pakistan’s banking sector: Moody’s

KARACHI: The international credit rating agency in its report has termed the increase in remittances inflows positive for Pakistan’s banking sector.

invest with imarat

Islamabad’s emerging city centre

Learn More

The report is being issued in the backdrop of increase in remittances to $16.5bn in the July-Jan period of FY-21.

 According to the report, the increasing inflows of remittances have shown the trend contrary to the reports of the World Bank amidst the pandemic.

Furthermore, the report has mentioned that increasing remittances will support the small and medium-sized enterprises, and will also ease the lending in the agriculture sector.

CEO Graana.com said that Pakistan needs $25-30bn for the construction of one million housing units and almost $12bn can be secured from the remittances sent by overseas Pakistanis.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Kashmir House: A Guesthouse for Kashmir Government Officials

Located in the heart of Islamabad, Kashmir House serves as a prestigious guesthouse for officials…

20 hours ago

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

2 days ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

3 days ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

4 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

5 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

5 days ago