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Topic: Remittances
remittances inflow 6 35pc 10 35b 9 months
April 11, 2013

Remittances inflow up by 6.35pc to $10.35b in 9 months

KARACHI - Overseas Pakistani workers remitted an amount of $10,353.92 million in the first nine months (July–March) of the current fiscal year 2012-13 (FY13), showing a growth of 6.35 percent or $617.95 million when compared with $9,735.97 million received during the same period of last ...

Remittances grew by 7.47pc to $9.23b during Jul-Feb

Our Staff Reporter KARACHI - Overseas Pakistani workers remitted an amount of $9,234.72 million in the first eight months (July–February) of the current fiscal year 2012-13 (FY13), showing a growth of 7.47 percent or $641.93 million when compared with $8,592.79 million received during the ...

Remittances grow 10.36pc to $8.20b during Jul-Jan

KARACHI - Overseas Pakistani workers remitted an amount of $8,206.39 million in the first seven months (July–January) of the current fiscal year 2012-13 (FY13), showing a growth of 10.36 percent or $770.41 million when compared with $7,435.98 million received during the same period of last ...

Remittances rise 12.51pc to $7.11b

KARACHI - The overseas Pakistani workers remitted an amount of $7,116.70 million in the first half (July-December) of the current fiscal year 2012-13 (FY13), showing a growth of 12.51 per cent or $791.36 million when compared with $6,325.34 million received during the same period of last fiscal ...

Remittances to fall $184m due to Saudi tax

LAHORE – Remittances from Saudi Arabia is likely to fall by $184 million due to change in tax regime by the Kingdom. The Kingdom of Saudi Arabia has introduced some new taxes, to be implemented from the next year. So, the changing paradigm in the tax regime is likely to negatively impact ...

Remittances to hit record $14b in FY13

ISLAMABAD - The Ministry of Finance has claimed that Pakistan will receive a record $14billion in foreign remittances during ongoing financial year (2012-13).An official of Finance Ministry told Online that surge in foreign remittances will go a long way to put the nascent economy of the country on ...

Remittances set new monthly record at $1.36b

KARACHI- Overseas Pakistani workers remitted a record amount of $1,365.10 million in October, 2012 as against $1,017.87 million sent by them in the same month of the last fiscal year, showing a tremendous jump of $347.23 million or 34.11 percent. The previous highest amount remitted in a single ...

Remittances play vital role in stabilising economy

ISLAMABAD – State Minister for Overseas Pakistanis Dr Nadeem Ehsan said on Sunday that the foreign remittances and investment in the country by overseas playing a vital role in stabilizing the economy of Pakistan.Talking to APP, he said the overseas Pakistanis are a great asset of the ...

remittances rise 9 16pc 3 59
October 11, 2012

Remittances rise 9.16pc to $3.59 billion

KARACHI - Overseas Pakistani workers remitted an amount of $3,599.11 million in the first quarter (July to September) of the current fiscal year 2012-13 (FY13), showing a growth of 9.16 percent or $301.91 million when compared with $3,297.20 million received during the same period of the last ...

Remittances surged 2.36pc to $2,463m in July-August

KARACHI - Overseas Pakistani workers remitted an amount of $2,463.69 million in the first two months (July–August) of the current fiscal year 2012-13 (FY13), showing a growth of 2.36 percent or $56.91 million when compared with $2,406.78 million received during the same period of last fiscal ...

Remittances swell by 9.89pc to $1.30b in July

KARACHI- Overseas Pakistanis remitted an amount of $1,204.71 million in July 2012 of the current fiscal year 2012-13 (FY13), showing an impressive growth of 9.89 percent or $108.40 million when compared with $1,096.31 million received during the same month of the last fiscal year (FY12).According ...

Remittances cross $13b mark first time; up 17.73pc

KARACHI - Remittances sent home by overseas Pakistani workers crossed $13 billion mark for the first time in country’s history during the last fiscal year (2011-12).They remitted a record amount of $13,186.58 million during the last fiscal year that ended on June 30, 2012, showing an ...

Remittances potential estimated over $20b: PIDE

ISLAMABAD - Pakistan Institute of Development Economics (PIDE)’s study revealed that potential of workers’ remittances to Pakistan is estimated at over $20 billion, in contrast to $12 billion yielded by the Balance of Payment data 2010-11, as large pool of remittances that can be tapped ...

Remittances up by 19.54pc to Rs 12.06b

KARACHI - Overseas Pakistanis remitted an amount of $12,069.10 million in the first eleven months (July 2011 – May 2012) of the current fiscal year 2011-12. Showing an impressive growth of 19.54 percent or $1972.69 million when compared with $10,096.41 million received during the same ...

remittances rise 9 73
April 11, 2012

Remittances rise to $9.73 billion

KARACHI - Overseas Pakistanis remitted an amount of $9,735.56 million in the first nine months (July 2011 – March 2012) of the current fiscal year 2011-12 (FY12), showing an impressive growth of 21.45 per cent or $1,719.38 million when compared with $8,016.18 million received during the same ...

remittances rise 23pc $8.59b
March 10, 2012

Remittances rise 23pc to $8.59b

KARACHI - Overseas Pakistani workers remitted an amount of $8,592.79 million in the first eight months (July 2011–February 2012) of the current fiscal year 2011-12 (FY12), showing an impressive growth of 23.40 per cent or $1,629.51 million when compared with $6,963.28 million received during ...

B’desh receives $8b remittances in July-Feb

DHAKA  – Bangladesh’s overall remittance surged to over 8 billion U.S. dollars during the first 8 months of the current fiscal year (July 2011-June 2012), posting 12.15 percent growth year on year, a central bank official said Sunday.Quoting provisional data, the Bangladesh Bank ...

remittances reach $12b
February 17, 2012

Remittances may reach $12b

KARACHI – Advisor to Prime Minister on Finance Dr Abdul Hafeez Sheikh Sheikh has said that hopefully remittances will reach $12 billion during the current fiscal year.While talking to the media, he further said that provinces are responsible for collecting agriculture tax. Sheikh said that ...

remittances 21.5pc $7.44b
February 11, 2012

Remittances up by 21.5pc to $7.44b

KARACHI - Overseas Pakistani workers remitted $7.436 billion in the first seven months of the current fiscal year 2011-12 (FY12), showing an impressive growth of 21.54 percent over same period of last year.According to SBP here on Friday, home remittances were valued at $6.118 billion during July ...

govt eyes $12 remittances
January 24, 2012

Govt eyes over $12 billion remittances

ISLAMABAD  - The country has received an average of $1.054 billion per month so far during the first six months of the current financial year (2011-2012) as workers remittances from abroad.“If this healthy trend continues during the remaining half of the current financial year then the ...

Remittances 18pc 524b
December 14, 2011

Remittances up by 18pc to $5.24b

Our Staff Reporter KARACHI - Overseas Pakistani workers remitted an amount of $5,239.99 million in the first five months of the current fiscal year 2011-12, showing an impressive growth of 18.33 percent or $811.69 million when compared with $4,428.30 million received during the same period of last ...

Remittances Surge 25pc 33b First Quarter
October 11, 2011

Remittances surge 25pc to $3.3b in first quarter

OUR STAFF REPORTER KARACHI - Overseas Pakistani workers remitted an amount of $3,297.20 million in the first quarter (JulySeptember) of the current fiscal year 2011-12 (FY12), showing an impressive growth of 24.60 per cent or $ 650.9 million when compared with $2,646.30 million received during the ...

Dibs Remittances Solution
October 07, 2011

DIBs remittances solution

KARACHI Dubai Islamic Bank Pakistan Limited (DIBPL) has introduced online solution for foreign remittances with the aim to facilitate customers in remitting funds to family and friends overseas on a click, says a press release. With this solution customers will be able to save a visit to the ...

Remittances Surge 3857pc 11b
August 11, 2011

Remittances surge by 38.57pc to $1.1b

KARACHI - Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $1,096.31 million was received in the country in the first month (July 2011) of the current fiscal year 2011-12, showing an impressive growth of 38.57 percent or $305.13 million when compared ...

NBP?sings remittances transfer deal

LAHORE The National Bank of Pakistan has signed Money Transfer Services Agreement with Xpress Money Services Limited, a leading company with international presence in money transfer services. This alliance allows NBP to provide Xpress Money, transfer services through National Bank of Pakistans ...

$11b remittances target unattainable

ISLAMABAD - Expatriation of a large number of Pakistanis due to the turmoil which engulfed the Middle East recently, has lessened the chances to achieve target of $11 billion at the end of this fiscal year. According to data taken from Ministry of Labour and Manpower, so far 4,901 Pakistanis have ...

Remittances 17pc 612b
February 11, 2011

Remittances up over 17pc to $6.12b

KARACHI - Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $6,118 million was received in the first seven months (July-January) of the current fiscal year 2010-11, showing an increase of $919.92 million or 17.70 percent when compared with $5,198.08 ...

Remittances Surge 53b First Half
January 12, 2011

Remittances surge to $5.3b in first half

KARACHI - The inflow of workers remittances into Pakistan amounted to $5.3 billion in the first half (July-December) of the current fiscal year 2010-11, showing an increase of $761.23 million or 16.80 percent when compared with $4.6 billion received over the same period of the last fiscal year. The ...

Remittances Rise 443b Months
December 12, 2010

Remittances rise to $4.43b in 5 months

KARACHI - Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $4,428.30 million was received in the first five months (July-November) of the current fiscal year 2010-11, showing an increase of $595.72 million or 15.54 percent over the same period of the ...

Remittances Surge 135pc 1st Quarter
October 12, 2010

Remittances surge 13.5pc in 1st quarter

KARACHI - Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $2,646.30 million was received in the first quarter (July-September) of the current fiscal year 2010-11, showing an increase of $314.8 million over the same period of the last fiscal year. The ...

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