12

Mar

Remittances jump by 24pc to $18.7bn in 8MFY21

Published in DAWN on March 12, 2020 KARACHI: Remittances sent by overseas Pakistanis remained above $2 billion in February for the eighth consecutive month, the State Bank said on Thursday. If June FY20 is also counted, it was the ninth straight month when the country received over $2bn in monthly remittances. The Covid-19 pandemic has positively impacted […]

Gulf population falls 4% amid pandemic-fuelled expat exodus, says S&P

Published in Arabian Business Industries, 15th February, 2021 S&P Global Ratings on Monday said that Gulf Cooperation Council (GCC) countries are experiencing an accelerating shift in the labour market from an exodus of expatriates during the coronavirus pandemic. The ratings agency said this could weigh on the region’s growth and complicate economic diversification over the long run.[…]

15

Feb

Remittances exceed $2 billion for eighth straight month

Published in Dawn, February 15, 2021 Remittances from Pakistani workers employed abroad exceeded $2 billion for the eighth straight month in January at $2.3 billion, up 19 per cent from a year earlier, the country’s central bank said on Monday. Sharing the figures on Twitter, Prime Minister Imran Khan thanked overseas Pakistanis. “This is a record for our country,[…]