CIMRAD

By Salman Siddiqui Published in The Express Tribune on August 13, 2023 KARACHI: The cumulative foreign currency inflows channelled through Roshan Digital Accounts (RDAs) by overseas Pakistanis have exceeded a remarkable milestone of $6.5 billion. Accompanying this feat is a total of over 600,000 accounts established through online banking over the course of the past 35 months, […]

By Salman Siddiqui Published in The Express Tribune on August 11, 2023 KARACHI: Significant setback as the inflow of workers’ remittances from overseas Pakistanis through official channels dropped to a five-month low of $2 billion in July. This decline has raised concerns about Pakistan’s ability to sustain import payments and manage maturing foreign debt obligations. The State[…]

By Shahid Iqbal Published in Dawn on July 11, 2023 KARACHI: Pakistan lost over $4 billion in remittances sent by overseas Pakistan in FY23, much higher than the amount the PMLN-led coalition struggled to secure from the International Monetary Fund (IMF) during the outgoing fiscal year. Data issued by the State Bank of Pakistan (SBP) on Monday[…]