Tag: Remittances

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

Bajwa appreciates SBP, overseas Pakistanis for record growth in remittances

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    ISLAMABAD, May 18 (APP): Chairman China-Pakistan Economic Corridor (CPEC) Authority Lt. Gen (R) Asim Saleem Bajwa Tuesday appreciated State Bank of Pakistan (SBP) and overseas Pakistanis for their contribution in enhancing remittances to a record level. “Well done State Bank of Pakistan and a big Thank you to overseas Pakistanis. #PakistanMovingForward,” he tweeted.… Continue reading Bajwa appreciates SBP, overseas Pakistanis for record growth in remittances

Remittances grow by 29 % to record $24.2 bln in 10 months

  ISLAMABAD, May 18 (APP): The workers’ remittances surpassed previous records, reaching to $24.2 billion during the first ten months of the current fiscal year, showing growth of 29 percent over the same period last year. The remittance during July-April (2020-21) also crossed the total remittances of the last fiscal year (2019-20) by over $1… Continue reading Remittances grow by 29 % to record $24.2 bln in 10 months

PM thanks expatriates for record $24.2b remittances in 10 months

ISLAMABAD, May 18 (APP): Prime Minister Imran Khan Tuesday thanked the overseas Pakistanis for sending record remittances of $24.2 billion during the first 10 months of fiscal year 2021. The prime minster took to Twitter to thank the expatriates for showing faith in Naya Pakistan. I have always believed Overseas Pakistanis to be our greatest… Continue reading PM thanks expatriates for record $24.2b remittances in 10 months

Third wave of Covid-19 poses challenge to growing economy of Pakistan

ISLAMABAD, May 4 (APP):Owing to timely and prudent policies of the government, the country’s economy has been showing signs of recovery, with construction and manufacturing sectors in lead, however the economic revival had once again been pitched against the stronger than ever third wave of COVID-19, official sources said. The economy had registered positive signs… Continue reading Third wave of Covid-19 poses challenge to growing economy of Pakistan

PM lauds overseas Pakistanis for keeping afloat national economy

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ISLAMABAD, April 29 (APP): Prime Minister Imran Khan on Thursday terming the nine million overseas Pakistanis the country’s “biggest asset” said their remittances had kept afloat the national economy. “By the time we achieve the required volume of exports, the remittances by overseas Pakistanis is the only way to keep our economy moving,” he said in… Continue reading PM lauds overseas Pakistanis for keeping afloat national economy

Fiscal deficit contained at 3.5 pc in 8 months

ISLAMABAD, Apr 28 (APP): Owing to the government’s efforts, the fiscal deficit during the first eight months (July-February) of the current fiscal year has been contained at 3.5 percent of the Gross Domestic Product (GDP).“Despite higher mark-up payments and COVID-related expenditures, the fiscal sector continues to perform better as a result of the government’s efforts… Continue reading Fiscal deficit contained at 3.5 pc in 8 months

Increase in remittances shows trust of overseas Pakistanis in PM: Shilbi

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ISLAMABAD, Feb 15 (APP): Minister for Information and Broadcasting Senator Shibli Faraz Monday said increase in foreign remittances was a clear indication that the overseas Pakistanis trust the transparent leadership of Prime Minister Imran Khan. He stated this in a tweet on social media platform Twitter. A clear indication that overseas Pakistanis trust the transparent… Continue reading Increase in remittances shows trust of overseas Pakistanis in PM: Shilbi

PM thanks overseas Pakistanis for record $2bln remittances for consecutive 8 months

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ISLAMABAD, Feb 15 (APP): Prime Minister Imran Khan on Monday said the country had made its record for remittances above $2 billion for eight consecutive months and acknowledged in this regard the contribution of overseas Pakistanis. The Prime Minister mentioned that remittances from overseas Pakistanis were $2.27 billion in January, which 19 percent more than… Continue reading PM thanks overseas Pakistanis for record $2bln remittances for consecutive 8 months

PM thanks overseas Pakistanis for record $ 2.4 bln remittances in Dec 20

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ISLAMABAD, Jan 8 (APP): Prime Minister Imran Khan Friday thanking the Overseas Pakistanis for yet another record-breaking month of US $ 2.4 billion remittances in December 2020 said with over $ 2 billion for consecutive six months, the country has recorded 24.9% growth in remittances over last year. “I want to thank our overseas Pakistanis… Continue reading PM thanks overseas Pakistanis for record $ 2.4 bln remittances in Dec 20

Worker’s remittances surge 16.2% in December

ISLAMABAD, Jan 8 (APP):The workers’ remittances sent by the overseas Pakistanis surged by 16.2 percent to 2.44 billion in December 2020 against same month of last year when the remittances inflow was recorded at $2.1 billion. “Remittances from overseas Pakistanis rose further to $2.4 bln in December compared to December 2019 and 4.2 percent over… Continue reading Worker’s remittances surge 16.2% in December

Pakistan’s remittances crossed US$2 bln for record 6 months: PM

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ISLAMABAD, Dec 11 (APP): Prime Minister Imran Khan on Friday said Pakistan’s economy witnessed good times as remittances crossed US$2 billion for consecutive six months. “More good news as workers’ remittances continued to grow in November – remaining above US$2 billion for a record 6th consecutive month,” the prime minister said in a tweet. Prime… Continue reading Pakistan’s remittances crossed US$2 bln for record 6 months: PM

Good news for economy’ as foreign remittances rose to $2.3 bln: PM

ISLAMABAD, Oct 12 (APP): Prime Minister Imran Khan on Monday said the country’s foreign remittances from overseas Pakistanis jumped to $2.3 billion in September, terming it another “good news for economy” despite the COVID-19 situation. “Alhamdulillah, remittances from our hardworking overseas Pakistanis rose to $2.3 bn in Sept 2020, 31% higher than last Sept &… Continue reading Good news for economy’ as foreign remittances rose to $2.3 bln: PM

Worker’s remittances surge 31.2 in September

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ISLAMABAD, Oct 12 (APP): The workers’ remittances sent by the overseas Pakistanis surged by 31.2 percent to $2.3 billion in September against same month of last year. The remittances stood at above $2 billion for fourth consecutive month in September, said a statement issued by the State Bank of Pakistan (SBP). On month on month… Continue reading Worker’s remittances surge 31.2 in September

PM chairs review meeting on increasing remittances, foreign exchange reserves

ISLAMABAD, Sep 24 (APP): Prime Minister Imran Khan on Thursday said the government was focusing on exports, imports substitution, foreign investments, and increase in foreign remittances and foreign exchange reserves, which had vital role in economic stabilization and betterment. The overseas Pakistanis should be provided with better opportunities of investment in the country and be… Continue reading PM chairs review meeting on increasing remittances, foreign exchange reserves

Remittances up by 24.4 % to 2.095 bln in August

ISLAMABAD, Sep 14 (APP): The remittances sent by overseas Pakistanis reached to $ 2.095 billion during the month of August 2020, showing 24.4 percent increase over the same month of last year, State Bank of Pakistan (SBP) reported Monday. This is the third month in row when workers’ remittances remained above $2 billion, according to… Continue reading Remittances up by 24.4 % to 2.095 bln in August

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