Tag Archives: Remittance

Mudasar, a young Pakistani adept at graphic designing, left for the UAE a couple of years ago and resided in Sharjah with his family having gotten assurances from his boss in the UAE that his job is stable and there …

Interview with Mr Ashfaq Yousuf Tola – President, Tola Associates PAKISTAN & GULF ECONOMIST had an exclusive conversation with Mr Ashfaq Yousuf Tola regarding Workers’ Remittances, Tax Revenue Collection, Foreign Direct Investment, Balance of Trade in Goods and Balance of Payment. …

Country’s 60pc broad-based LSM units post positive growth Overseas workers’ remittances rise to 2.228bn in Nov 2020 FBR has surpassed tax collection target during July-Nov 2020 Current Account Balance stands at surplus of $447 million in Nov 2020 SBP Reserves …

The percentage of migrants in total world population hovers around three percent and even that mainly represents low income countries. Visibly their economies are directly benefited in the sense that home remittances form a sizable chunk of their GDPs, sometimes …

As private capital flows have fallen, the International economists reveal that workers’ remittances have become an increasingly prominent source of external funding for various developing states. They have also revealed that international migrants contribute positively to economic growth in their …

Analysis of Quarterly Report of National Bank of Pakistan (NBP) published September 30, 2020 showed that during the Covid-19 pandemic, the Bank’s focus is to sustain its income streams also asset quality, while creating liquidity for its clients so that …

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 …