Record remittances

Published in DAWN on May 21, 2021 REMITTANCES sent home by Pakistanis living and working abroad continue to surge, defying the economic slowdown resulting from the Covid-19 pandemic. State Bank data shows that diaspora remittances jumped by a hefty 29pc to an all-time high of $24.2bn during the 10-month period between July and April of the ongoing[…]

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May

Remittances rise to an all-time high of $2.8bn in April

Published in DAWN on May 18, 2021 Remittances by overseas Pakistani continued to surge, rising to an all-time high of $2.8 billion in April, 56 per cent higher than a year ago, the State Bank of Pakistan (SBP) said on Tuesday. Cumulatively, during the July-April FY21 workers’ remittances rose to an unprecedented level of $24.2bn, up by[…]