KARACHI: According to the data released by the State Bank of Pakistan (SBP), the value of remittances has exceeded the $2bn mark for the ninth consecutive month.
The value of remittances sent by overseas Pakistanis is recorded at $2.2bn in the month of February 2021 which has shown a growth of 24.2% as compared to the value recorded in February 2020.
Moreover, the central bank has termed the growth of the remittance during July-Feb FY21 unprecedented as the inflows from overseas Pakistanis were recorded at $18.7bn during this period.
Increase in remittances corresponds to the use of banking channels introduced by the government for overseas Pakistanis for sending their money to Pakistan.
For news and blogs, visit Graana.com.
January 09, 2025- A significant step towards regulating the burgeoning digital assets sector in Pakistan was…
Kuwait’s real estate market has seen remarkable growth during the third quarter of 2024, driven…
Frankfurt, Germany — Schroder European Real Estate Investment Trust (SEREIT) has finalized an agreement to…
Phuket, Thailand– In a remarkable shift, Thailand’s luxury real estate market continues to soar, with…
Holy Family Hospital Rawalpindi is one of Pakistan’s foremost public healthcare institutions, renowned for its…
Lahore: Punjab has set a new precedent in Pakistan by becoming the first province to…