Tag: Overseas Pakistanis
-
World Bank forecasts 7% growth in Pakistan’s remittances for 2024
Remittance flows to Pakistan are expected to rebound and grow by approximately 7 per cent, reaching $28 billion in 2024, with a further increase of 4 per cent to around $30 billion in 2025, according to the World Bank’s ‘Migration and Development Brief 40’ released on Wednesday.
-
Record high: Overseas workers’ remittances hit $3.24 billion in May 2024
In May, overseas workers’ remittances soared by 54.2 per cent compared to the same period last year, reaching $3.24 billion, according to the latest data from the State Bank of Pakistan (SBP).
-
New tax rules: Discounts for overseas Pakistanis, higher costs for importers
In a recent development, commercial importers of new mobile phones are set to miss out on any concessions following the issuance of the new valuation ruling.
-
Human trafficked beggars from Pakistan arrested in alarming numbers abroad
The Senate Standing Committee on Overseas Pakistanis was briefed on a concerning issue whereby a significant number of beggars are being trafficked abroad. Zulfikar Haider, the Secretary of the Overseas Ministry, brought this matter to light during a Senate panel discussion centred on the migration of both skilled and unskilled labourers from Pakistan.
-
Remittances to Pakistan decline by 19.3% to $2 billion in first month of fiscal year
Delve into Pakistan’s economic landscape as we examine the notable 19.3% drop in remittances during the opening month of the fiscal year. Uncover the implications for the nation’s economy, the influence of overseas Pakistanis, and the dynamics of the grey market. Gain valuable insights into the evolving financial trends and expert economic analysis that shape…
-
Remittances in June 2023 decline by 21.4%, hitting $2.2 billion: SBP
In June 2023, remittances experienced a year-on-year decrease of 21.4 per cent, falling to the $2.2 billion mark compared to $2.8 billion in June 2022, according to data released by the State Bank of Pakistan (SBP).
-
Overseas Pakistanis send home remittances worth $2.5 billion, marking a seven-month high
According to data from the State Bank of Pakistan (SBP), remittances sent by overseas Pakistanis to their home country hit a seven-month high of $2.5 billion in March, which is attributed to Ramadan and Eid-ul-Fitr. Compared to the prior month of February, the inflow of workers’ remittances increased by 27 per cent, but it was…
-
‘Overseas Pakistanis ki maujain’: Cabinet approves separate judicial system for expats
Federal Minister for Information and Broadcasting Fawad Chaudhry, while addressing a press conference after the cabinet meeting, said that Prime Minister (PM) Imran Khan has approved a separate judicial system for Overseas Pakistanis. Fawad shared that the cabinet has approved the formulation of a separate judicial system for the expats for summary trial. The minister…