The Inflow of remittances by overseas Pakistanis during Ramadan 2020 declined significantly due to coronavirus pandemic forcing them to spend less amid fears of losing their jobs. Ramazan traditionally has been a month for higher… Read More »Remittances from Overseas Pakistanis drop sharply
Remittances by Overseas Pakistanis
This old man saw Pakistan being put on the run towards destruction by Zulfiqar Ali Bhutto in 1972. It was the first this old man while young at the time, saw that Law was what was a “Red coloured party ID Card”. Bhutto heirs and Sharifs with more vigour, added their shares in this run up. Imran Khan, though generally is said to be a bit different from them, yet it is a naked fact that he is following the same path, results of which of course would take time to surface.
Prime Minister Imran Khan has approved major structural changes in the system to enhance foreign remittances through banking channel and facilitate overseas Pakistanis. The decision to incentivize home remittances through legal channels was taken during… Read More »Incentives for overseas Pakistanis to improve remittances
$673.50 million record remittances received in Dec 2008
By Saad Khan
KARACHI: Pakistan’s overseas workers sent the highest-ever amount of $673.50 million as remittances in December 2008, beating the previous record of $660.35 million received in September 2008.
The amount of $673.50 million received in December 2008 showed an increase of $194.24 million, or 40.53 percent, when compared with $479.26 million received during December 2007.Read More »Remittances from overseas Pakistanis touching new highs