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Tag Archives: Remittance

Overseas employment

Overseas employment

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 …

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The World’s Top Remittance Recipients

Infographics

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 …

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Precarious reliance on remittances

Precarious reliance on remittances

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 …

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Betterment of remittances into Pakistan

Betterment of remittances into Pakistan

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 …

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Remittances comeback

Remittances comeback

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 …

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