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workers’ remittances

Tag: workers’ remittances

Business

Web Desk
Jul 26, 2025

Pakistan extends incentive scheme for workers as remittances hit $38.3bn

Prime minister directs ministry of finance to release funds on priority basis for the Workers’ Remittances Incentive Scheme

Business

Web Desk
Mar 11, 2025

Overseas Pakistanis send over $3 billion in remittances this February

Pakistan witnessed a surge in overseas workers’ remittances in February 2025, with inflows reaching $3.1 billion, a 3.8 per cent rise from $3 billion in January, according to data released by the State Bank of Pakistan (SBP) on Monday.

Business

Web Desk
Aug 10, 2024

Workers’ remittances from UAE to Pakistan surge by over 93 per cent

Workers’ remittances to Pakistan surged 47.6 per cent YoY in July, reaching $3 billion, up from $2.03 billion in the same month last year.

Business

Web Desk
Jun 22, 2024

Record income outflows push current account deficit to $270 million

In a significant economic update, Pakistan has recorded a current account deficit of $270 million, driven primarily by a substantial increase in the primary income deficit.

Business

Web Desk
Mar 08, 2024

Workers’ remittances dip by 6.18% in February

In a recent report by the State Bank of Pakistan (SBP), workers’ remittances for February witnessed a month-over-month (MoM) decline of 6.18 per cent, amounting to $2.25 billion compared to the previous month’s $2.4 billion.

Business

Web Desk
Nov 10, 2023

PKR faces 14th consecutive loss against USD, closes the week at Rs287

The Pakistani rupee (PKR) experienced a depreciation of Rs2.178 against the US dollar this week, settling at Rs287.03.

Business

Web Desk
Nov 10, 2023

Pakistan records surge in overseas remittances, reaching $2.5 billion

In October 2023, the influx of remittances from overseas workers reached $2.5 billion, marking an 11.5 per cent increase compared to the $2.2 billion recorded in September 2023.