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The ruling Pakistan Muslim League-Nawaz (PML-N) criticized Pakistan Tehreek-e-Insaf (PTI) over the failure of its civil disobedience movement. PTI’s jailed founder, Imran Khan, had urged overseas Pakistanis to withhold remittances as part of the campaign. However, Pakistan’s remittances hit $3.1 billion in December 2024, marking a 29.3% year-on-year increase, according to the State Bank of …
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The remittances sent by overseas Pakistanis through Roshan Digital Accounts (RDA) have crossed $9.138 billion since the launch of the initiative. The State Bank of Pakistan (SBP) reported this significant achievement on Monday. Between September 2020 and November 2024, Roshan Digital Accounts proved to be a reliable channel for remittances. In November 2024 alone, overseas …
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Overseas Pakistanis, in October 2024, sent a record $3.05 billion in remittances, marking Pakistan’s highest-ever monthly inflows. The remittance surge shows a 29% increase compared to $2.46 billion in October last year and a 7% rise from September 2024. According to Topline Securities, these record inflows will help stabilize the Pakistani rupee and contain the …
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Karachi: State Bank of Pakistan (SBP) and Ministry of Planning, Development and Special initiatives (MPD&SI) has launched a survey of Overseas Pakistanis to analyze recent trends in remittances and the future outlook. This Survey will be available to all overseas Pakistanis till 9th January 2021. They both encourage the Overseas Pakistanis to actively participate in …
Continue reading “SBP survey regarding recent Trends and Prospects for Remittances”
