Tag Archives: Remittance

The Government statistics showed that Pakistan is the 2nd largest manpower/labour exporting country of South Asia. Bureau of Emigration and Overseas Employment (BE&OE) has recorded greater than 11.11 million emigrants for employment abroad. Statistics also showed that during 2019, the …

The coronavirus pandemic has rapidly transformed life of millions of people all over the world. For many, COVID-19 carries feelings and challenges of fear, anxiety, economic hardships, isolation, and many other stresses but developing countries are the main hit of …

According to World Bank data published in 2019, global remittances totalled $689 billion in 2018, up from $633 billion in 2017. Of that total, $529 billion flowed into low and middle-income countries. The upsurge in remittances was driven by increasing oil prices …

As the coronavirus pandemic hits jobs and wages in many sectors of the global economy that depend on migrants, a slowdown in the amount of money these workers send back home to their families looks increasingly likely. These international remittances …

Presently, Pakistan seems to be suffering from ‘Stockholm Syndrome’ – a psychological condition wherein a captive begins to identify closely with his or her captors, as well as with their agenda and demands. The obsession and the unwavering trust in …

The monetary policy is the key to influence trade/ current account of any country. The extent and the effectiveness of that, however, vary from country to country, given country’s own political and economic dynamics and other realities on the ground. These elements …

Does the last Wednesday speech of the US President Donald Trump in which he declared that the USA is 100% self-sufficient in meeting its energy needs raise alarms for the overseas workers working in the Gulf? Majority of the overseas …

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 1,819.66 1. USA 332.37 297.41 281.91 322.38 298.64  2. U.K. 299.27 250.20 264.89 328.69 285.56  3. Saudi Arabia 470.95 377.58 …

Statistics showed that during November 2019, overseas Pakistani workers sent $1.81 billion as 9.35 percent higher remittances, which helped improve the country’s ability to make import payments and repay foreign debt. In the same month of the previous year, remittances …

The Gulf Cooperation Council (GCC) countries have positioned themselves as the highest remitters in the world, collectively beating the United States, the traditional top remitter. The GCC and the wider Middle East, is a vital and rising economic hub bringing …

According to the World Bank’s Remittance Prices Worldwide Database, the average cost of sending $200 to low and middle income countries (LMICs) was 6.8 percent in the second quarter of 2019, only slightly below last quarters. This is greater than …

According to the State Bank of Pakistan (SBP), Pakistan’s remittances from overseas workers were increased 24 percent to $2.039 billion in the first month of FY2019-2020 from $1.645 billion in the last month. However, statistics also showed that July remittances …