Digital innovation and regulation are key to growing Pakistan’s vital remittance inflows sustainably Remittances—the funds sent by Pakistanis working abroad…
Browsing: Remittance
Efficient banks and skilled workforce exports anchor remittance growth and Pakistan’s global economic footprint Interview with Mr. Zia Ul Mustafa…
Keep innovating, expand fintech collaborations; align skills with global demand to empower overseas workforce Interview with Syed Kashif Rafi —…
Govt initiatives like PRI, RDA, and incentive schemes aim to enhance remittance inflow Saudi Arabia, UAE, the US, and the…
Pakistan, with a GDP of US$ 374.6 billion in 2024, is the 42nd largest economy in the world. However, this…
Country’s rising exports supported by textile and rice industries, imports rise amid economic expansion According to the latest Global Trade…
The World Bank noted that remittances surpassed foreign direct investment (FDI) and official development assistance (ODA) last year. Remittances to…
Pakistan and Saudi Arabia have enjoyed a robust and multifaceted relationship since the establishment of diplomatic ties in 1947. This…
NEOM’s zero-carbon city, NESPAK’s new role, and investments enhance bilateral relations For decades, Pakistan and Saudi Arabia have maintained strong…
Saudi Arabia-Pakistan pact in technology, agriculture and renewable energy can help balance trade disparities Since Pakistan gained independence in 1947,…
Saudi Arabia’s unwavering assistance to Pakistan, from flood relief to economic investments, reflects a deep-rooted cooperation Since its founding in…
Boosting exports in agriculture, IT and renewable energy will help Pakistan reduce its trade deficit with Saudi Arabia Interview with…
Investments in renewable energy and technology can diversify Pakistan’s economy, reduce energy reliance and foster sustainable growth Interview with Mr.…
Boosting non-oil trade and creating secure, investor-friendly environment key to unlocking greater Saudi contributions Interview with Mr. Rafiq Rangoonwala —…
In the world, remittances show one of major international financial resources, which sometimes they exceed the flows of FDI. For…
Country must strength skill workers and make its workforce valuable globally Rise in remittances emerging in the coming years Interview…
Remittances inflows have increased significantly in recent years and have become the main financial external inflow in some developing countries,…
New policies necessary to boost bilateral trade connections Pakistan has enjoyed a cordially relations with Saudi Arabia since its birth.…
The close friendship and multi-dimensional relations between Saudi Arabia and Pakistan are indeed significant. The planned $25 billion investment from…
Pakistan: Export Receipts By Saudi Arabia (Thousand US $) Year Jan-11 Feb-11 Mar-11 Apr-11 May-11 Apr-17 May-17 Jun-17 Jul-17 Aug-17…
Workers’ Remittances In Pakistan (Million US Dollar) (Provisional) Country July-June Amount YoY growth (percent) FY23 FY22 FY21 FY23 FY22 Cash…
Statistics identified that Pakistan, which has about 60 percent of its over 200 million population in the 15 to 29…
Remittances from Gulf nations remarkable, need to improve relations with others for better outcome Interview with Mr Hamad Rasool Bhullar…
Gulf countries may continue to contribute over 50pc of remittances into Pakistan Inflows from the diaspora of US witnessed growth…
Sector Wise Islamic Financing In Pakistan (Share in %) Sector Dec-20 Sep-21 Dec-21 Overall Banking Industry Chemical & pharmaceuticals 4.4…
Gross Domestic Product Of Pakistan (at constant basic prices of 2005-06) (Million Rupees) Sector/Industry 2016-17 2017-18 2018-19F 2019-20R 2020-21P Commodity…
Interview with Mian Nasser Hyatt Maggo, President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) [box type=”shadow” align=”” class=””…
Experts record that governments and central banks globally are showing clear intentions of doing everything possible to mitigate adverse economic…
The COVID-19 pandemic delivers a powerful shock to economies and exposes uncertainty all across the globe. Government’s brakes on imposing…
Pakistan was somewhat unusual compared to other countries as regards the unexpected pickup in officially recorded remittances during 2020, particularly…
With the growing influx of remittances, now touching US$2.5 billion per month and COVID-19 still hindering movement of people, there…
Monetary remittances play a significant role in alleviating poverty as Remittance inflows can contribute significantly to a country’s economic well-being.…
We created state of art platforms for flawless experience to customers Interview with Mr. Danyal Khan Afridi – Head of…
Interview with Sardar Shoukat Popalzai – President, Balochistan Economic Forum [box type=”shadow” align=”” class=”” width=””]Profile: Sardar Shoukat Popalzai, President of…
Remittances into Pakistan set to reach $30 billion next year Action against Hundi/Hawala functions likely improve country’s image Interview with…
Govt taking right steps over menace of illegal transfer of money to meet its global obligations Interview with Mr. Barkatullah…
Interview with Mr Anis Majeed – Chairman, Bombi’s Group PAGE: Tell me something about yourself and your business please: Anis Majeed: I…
The impact of Covid-19 pandemic is pervasive when viewed by a migration lens as it affects migrants and their families…
Remittance is a decisive role in country economy. It circulates or flow the dollar in and outside the country. Pakistan…
Studies reveal that the worker’s remittances are considering second largest source of finance in developing countries after foreign direct investment…
Pakistan Super League (PSL) is an annual attraction not only for the people residing in Pakistan but also for over…
Mudasar, a young Pakistani adept at graphic designing, left for the UAE a couple of years ago and resided in…
Interview with Mr Ashfaq Yousuf Tola – President, Tola Associates [box type=”shadow” align=”” class=”” width=””]Profile: Professional Accomplishments Memberships: Fellow Member…
Country’s 60pc broad-based LSM units post positive growth Overseas workers’ remittances rise to 2.228bn in Nov 2020 FBR has surpassed…
The percentage of migrants in total world population hovers around three percent and even that mainly represents low income countries.…
As private capital flows have fallen, the International economists reveal that workers’ remittances have become an increasingly prominent source of…
Analysis of Quarterly Report of National Bank of Pakistan (NBP) published September 30, 2020 showed that during the Covid-19 pandemic,…
Pakistan is one of the major beneficiaries of foreign remittances, whereas the volume of foreign remittances to Pakistan has also…
During FY20 Pakistan received record remittances. On a cumulative basis, workers’ remittances increased to a historic high level of US$23.120…
According to a recent World Bank report, remittances to low and middle-income countries are projected to fall by nearly 20…
Every year billion of dollar or payment sent by overseas to their home countries. Over the last twenty years these…
As the economy moves towards the end of FY20, it continues to face high uncertainty owing to the challenges posed…
Remittances are seeing a global boost in digital payments even while the physical ones decreased as the pandemic set in.…
Interview with Agha Shahab Ahmed Khan – President, Karachi Chamber of Commerce & Industry [box type=”shadow” align=”” class=”” width=””]Profile: Director…
Interview with Mr Shamim A. Firpo – Chairman, Firpo Group of Companies PAGE: Tell me something about yourself and your organization,…
Interview with Mr Khalid Tawab – Chairman, Tawab Group of Companies [box type=”shadow” align=”” class=”” width=””]Profile: Mr Khalid Tawab is…
Pakistan: Workers’ Remittances (Million US Dollars) Item Mar-20 Apr-20 May-20 Jun-20 FY20 Jul-20 I. …
International experts revealed that falling remittances may affect sovereign ratings by external finances and economic growth. Remittances are a key…
Pakistan has successfully managed to handle COVID-19 so far but its impact on Pakistan’s economy is so far massive. In…
Pakistan received workers’ remittances worth $19.62 billion in FY18 and $21.74 billion in FY19. They grew to a record high…
The Government statistics showed that Pakistan is the 2nd largest manpower/labour exporting country of South Asia. Bureau of Emigration and…
The coronavirus pandemic has rapidly transformed life of millions of people all over the world. For many, COVID-19 carries feelings…
[box type=”info” align=”” class=”” width=””]by Niall McCarthy, Apr 23, 2020[/box] According to World Bank data published in 2019, global remittances totalled $689 billion…
[box type=”note” align=”” class=”” width=””]Vincent Guermond, Royal Holloway and Kavita Datta, Queen Mary University of London[/box] As the coronavirus pandemic…
Presently, Pakistan seems to be suffering from ‘Stockholm Syndrome’ – a psychological condition wherein a captive begins to identify closely…
The monetary policy is the key to influence trade/ current account of any country. The extent and the effectiveness of that, however,…
Does the last Wednesday speech of the US President Donald Trump in which he declared that the USA is 100%…
Workers’ Remittances In Pakistan (Million US Dollars) Item Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 I. Cash Flow 2,039.30 1,690.87 1,747.95 2,000.80…
Statistics showed that during November 2019, overseas Pakistani workers sent $1.81 billion as 9.35 percent higher remittances, which helped improve…
The Gulf Cooperation Council (GCC) countries have positioned themselves as the highest remitters in the world, collectively beating the United…
According to the World Bank’s Remittance Prices Worldwide Database, the average cost of sending $200 to low and middle income…
According to the State Bank of Pakistan (SBP), Pakistan’s remittances from overseas workers were increased 24 percent to $2.039 billion…
A nationwide campaign of Bahria University to promote Blue Economy Blue Economy identifies the water bodies as main drivers of…
In developing countries, researchers see that the current account deficit is regarded as one of the significant reasons for unsteady…
Remittances have been playing a very significant role for the overall economic development of Pakistan. Therefore, it is important to…
The five biggest challenges the international money transfer industry is facing in 2019 would break down something like this: Globally…
A non-bank foreign exchange company (also known as foreign exchange broker or simply forex broker) is a company that offers…
Pakistan is a fast-growing developing country and a member of the WTO, Organization of the Islamic Conference, Group of 77,…
1- If one looks at the remittances figures in FY19, overall increase in volumes from the US and UK will…
Remittances plays a crucial role in Pakistan’s economy. According to World Bank’s report the projected Pakistan’s remittances growth to remain…
Instead of devaluation, tariffs should be placed on all non-essential imports Also mass-scale marketing effort need to be executed to…
Workers’ Remittances In Pakistan (Million US Dollars) Item Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 I. Cash Flow 2,060.37 1,664.01…
[box type=”info” align=”” class=”” width=””] Marco Nicoli Senior Financial Sector Specialist, World Bank Usman Ahmed Head of Global Public Policy,…
[box type=”info” align=”” class=”” width=””]Gavin E.R. Wilson Co-Chair, Global Future Council on Development Finance[/box] A new global framework for financing…
Economists noted that during the last three decades, Pakistan received a significant amount of workers’ remittances, which are sent by…
Remittances have remained a big source of foreign currency inflows, which partially help finance foreign expenditure, import payments and debt…
Human capital development inevitable for manpower export and remittances With the contribution of human capital in total wealth growing globally,…
WorldRemit research shows that switching from offline into digital remittances could free up a further $825 million for education worldwide…
[box type=”info” align=”” class=”” width=””]Manos Antoninis Director, Global Education Monitoring report, UNESCO Breon Corcoran CEO, WorldRemit[/box] On paper, Ally starts…
The calendar year 2018 is going to be ended. Pakistan rupee has lost about a third of its value against US dollar since the…