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Pakistan’s remittance inflows reached $3.1 billion in December 2024, recording a significant 29.3% year-on-year increase, according to the State Bank of Pakistan (SBP). This remittance growth, a critical lifeline for the country, reflects a strengthening economy backed by reforms and the consistent support of overseas Pakistanis. Impressive Half-Year Growth In the first half of fiscal …
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Finance Minister Muhammad Aurangzeb said on Wednesday that the foundation for macroeconomic stability has been established. He cited improvements in key indicators such as a surplus current account, rising remittances, increasing exports, and higher foreign exchange reserves. Inflation has also dropped to its lowest level in six years. Policies Drive Sustainable Growth Speaking at the …
Continue reading “Business Confidence Rises, Remittances to Exceed $35 Billion: Finance Minister”
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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The World Bank reveals that Indians are going to receive $100 billion in remittances in 2022 creating history The World Bank revealed a report today regarding the remittances and their rate in 2022. World Bank reports that India is the only country that has the honor of being the country to receive $100 billion in …
