Tag: Remittances

Pakistan export to Italy, remittances to Pakistan cross US$ 2 billion

Posting multiple records of growth, Pakistan’s earnings from Italy in exports and remittances crossed $ 2 Billion in Financial Year 2021-2022. A substantial growth in Foreign Direct Investment (FDI) from Italy was also witnessed during the record breaking year, said a press statement issued here. Italy became the seven billion dollar export country for Pakistan… Continue reading Pakistan export to Italy, remittances to Pakistan cross US$ 2 billion

Workers’ remittances rise to a record-high in FY22

ISLAMABAD, Jul 18 (APP):The overseas Pakistani workers’ remittances grew by 6.1 percent in fiscal year (Jul-Jun) 2021-22 to US$31.2 billion against the inflows of $29.45 billion in same period of the preceding year. On year-on-year basis, the remittances increased by 1.7% from $2.71 billion in June 2021 to $2.76 billion in same period of the… Continue reading Workers’ remittances rise to a record-high in FY22

Workers’ remittances up 7.7% to $26.1 bn in 10 months

ISLAMABAD, May 13 (APP):With $3.1 billion inflows during April 2022, the overseas Pakistani workers’ remittances continued strong trend and crossed the $3 billion mark in a month for the first time ever. In terms of growth, during April 2022, remittances increased by 11.2 percent on month-on-month basis and 11.9 percent on year-on-year basis. Cumulatively, at… Continue reading Workers’ remittances up 7.7% to $26.1 bn in 10 months

RDA Inflows surge to $3.92 bn in March

ISLAMABAD, Apr 4 (APP):Inflow of remittances under Roshan Digital Account (RDA) rose to US $3.92 billion by the end of March 2022 as compared to US $3.632 billion till end of February last year, according to a latest data released by the State Bank of Pakistan. The data showed that the inflows of remittances during… Continue reading RDA Inflows surge to $3.92 bn in March

Expatriates continue to express confidence in PM’s leadership: Fawad

ISLAMABAD, Jan 15 (APP):Minister for Information and Broadcasting Chaudhry Fawad Hussain on Saturday said overseas Pakistanis continue to express confidence in the leadership of Prime Minister Imran Khan. He said that once again the record of remittances from abroad was broken, he tweeted. He added that remittances increased by 11.3 per cent and overseas Pakistanis… Continue reading Expatriates continue to express confidence in PM’s leadership: Fawad

Remittances grow by 11.3% to $15.8bn in 1st half

ISLAMABAD, Jan 14 (APP): The workers remittances grew by 11.3 percent during the first half of the current fiscal year as compared to the corresponding period of last year, State Bank of Pakistan (SBP) reported Friday The workers remittances during July-December 2021-22 were recorded at $15.8 billion, according to figures released by SBP. Meanwhile, with… Continue reading Remittances grow by 11.3% to $15.8bn in 1st half

Govt focussing on its performance: SACM

LAHORE, Dec 20 (APP):Special Assistant to Chief Minister (SACM) Punjab on Information, Tourism and Parks & Horticulture Authority (PHA) Hasaan Khawar said on Monday that unfortunately opposition’s shortsightedness doesn’t allow it to see beyond its own agenda. He said the government was fighting and correcting the wrongs of the last 70 years and was focussing… Continue reading Govt focussing on its performance: SACM

WB says Pakistan’s remittances grew by 26% in 2021

ISLAMABAD, Nov 19 (APP): Compared to the overall growth of 8 percent in remittances in South Asia, the remittances into Pakistan grew by 26 percent during the year 2021, according to estimates from the World Bank’s Migration and Development Brief. “Pakistan had another year of record remittances with growth at 26 percent and levels reaching… Continue reading WB says Pakistan’s remittances grew by 26% in 2021

Pakistani expats send US $ 2.7bln remittances in September: Farrukh

ISLAMABAD, Oct 9 (APP): Minister of State for Information and Broadcasting Farrukh Habib on Saturday said the overseas Pakistanis had sent US $ 2.7 billion remittances in September (2021), registering growth of 16.9 per cent over the same month last year. In a tweet, he said overall remittances in the first quarter of current Fiscal… Continue reading Pakistani expats send US $ 2.7bln remittances in September: Farrukh

Farrukh says remittances rise to $5.4b during Jul-Aug FY 21

ISLAMABAD, Sep 10 (APP):Minister of State for Information and Broadcasting Farrukh Habib Friday said the country has received workers’ remittances $5.4 billion during July-August of the current fiscal year which is 10.4 per cent higher than the same period of the last year. https://twitter.com/FarrukhHabibISF/status/1436226572747526148?s=20 In a tweet, he thanked the overseas Pakistanis who had sent… Continue reading Farrukh says remittances rise to $5.4b during Jul-Aug FY 21

Increased remittances depict expatriates’ confidence in govt policies: PM

ISLAMABAD, Aug 13 (APP): Prime Minister Imran Khan on Friday describing the Overseas Pakistanis as country’s precious asset said the increasing numbers of foreign remittances depicted their confidence in the government’s policies. He was presiding over a review meeting for the ease of Overseas Pakistanis in sending remittances under the priority sectors and their further… Continue reading Increased remittances depict expatriates’ confidence in govt policies: PM

Workers’ remittances soar all time high to $29.4 bn in FY21

ISLAMABAD, Jul 13 (APP): The overseas Pakistani workers’ remittances posted a historic annual high of US$29.4 billion during the year 2020-21 (Jul-Jun), showing an increase of 27 percent when compared with the preceding years’ remittances worth of $23.13 billion. “With inflows of around $2.7 billion in June 2021, workers’ remittances continued their unprecedented streak of above… Continue reading Workers’ remittances soar all time high to $29.4 bn in FY21

Highest growth of 25% recorded in remittances

ISLAMABAD, Jun 11 (APP): Finance Minister Shoukat Tarin on Friday said that the country recorded highest ever growth of 25 percent in remittances and $ 29 billion. Presenting the budget in National Assembly, the Finance Minister said that the exceptional growth in workers’ remittances, which were poised to achieve the highest ever growth, was single… Continue reading Highest growth of 25% recorded in remittances

APCC approves Rs 900 bn federal PSDP outlay, sets GDP growth rate target at 4.8%

ISLAMABAD, May 28 (APP):The Annual Plan Coordination Committee (APCC) Friday approved the federal Public Sector Development Programme (PSDP) outlay of Rs 900 billion, and set the Gross Domestic Product (GDP) growth rate target of 4.8 percent for the upcoming fiscal year 2021-22. “The size of federal PSDP for next year has been increased by 40… Continue reading APCC approves Rs 900 bn federal PSDP outlay, sets GDP growth rate target at 4.8%

Focus on targeted sectors led to higher economic growth: Economic Outlook

ISLAMABAD, May 28 (APP):Due to the government’s focus on certain targeted sectors such as housing, agriculture, industry, construction and exports, higher economic growth was recorded along with stabilization during the current fiscal year (2020-21), according to monthly Economic Update and Outlook for May 2021. “It is expected that in coming years the economy will have… Continue reading Focus on targeted sectors led to higher economic growth: Economic Outlook

Serving the nation since 1947 by providing an accurate, objective, uninterrupted flow of news to the people, the national news service is pursuing a comprehensive strategy to transform the existing news operations into a forward-looking service – APP Digital for its diverse subscriber-base and the public.

Follow Us

APP Services