Tag Archives: Remittance

Pakistan is one of the major beneficiaries of foreign remittances, whereas the volume of foreign remittances to Pakistan has also increased in recent past. The growth of these flows has outpaced Foreign Direct Investment (FDI) and official development assistance to …

During FY20 Pakistan received record remittances. On a cumulative basis, workers’ remittances increased to a historic high level of US$23.120 billion during FY20 as compared to US$21.739 billion received in FY19, witnessing a growth of 6.4% over Despite economic slowdown …

According to a recent World Bank report, remittances to low and middle-income countries are projected to fall by nearly 20 percent. In order to prevent further damage, the government must do everything to keep remittances flowing in times of COVID-19 …

Every year billion of dollar or payment sent by overseas to their home countries. Over the last twenty years these remittances are being utilized for developmental activities and to sustain Pakistan economy. Remittance plays integral part in easing the current …

As the economy moves towards the end of FY20, it continues to face high uncertainty owing to the challenges posed by the COVID-19 pandemic on several economic fronts. High levels of uncertainty are also reflected in recent State Bank of …

Remittances are seeing a global boost in digital payments even while the physical ones decreased as the pandemic set in. Remitly, focused on remittances, raised $85 million for its business, while other companies like MoneyGram and Western Union are readying …

Interview with Agha Shahab Ahmed Khan – President, Karachi Chamber of Commerce & Industry PAKISTAN & GULF ECONOMIST had an exclusive conversation with Agha Shahab Ahmed Khan vis-à-vis foreign remittances. Following are the excerpts of the conversation: Remittances play a key …

Interview with Mr Shamim A. Firpo – Chairman, Firpo Group of Companies PAGE: Tell me something about yourself and your organization, please: SHAMIM A. FIRPO: I started life’s struggle at a very young age. When I was six-year-old my father died and …

Interview with Mr Khalid Tawab – Chairman, Tawab Group of Companies PAKISTAN & GULF ECONOMIST sought views of Mr Khalid Tawab vis-a-vis the foreign remittances received by Pakistan during these trying times. The excerpts of the conversation are as follows: Foreign …

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 source of foreign currency receipts. As a consequence, lower remittances would most likely widen current account deficits, contributing to higher …

Pakistan has successfully managed to handle COVID-19 so far but its impact on Pakistan’s economy is so far massive. In coming months; when the dust will settle only then the real impact could be determined. As a matter of fact; …