Remittances soar 9.35% to $1.8b in November

By: Salman Siddiqui Published in The Express Tribune, December 11, 2019 KARACHI:  Overseas Pakistani workers sent 9.35% higher remittances at $1.81 billion in November 2019, which helped improve the country’s capacity to make import payments and foreign debt repayment. The remittances stood at $1.66 billion in the same month of the previous year, the State Bank of […]



Currency dealers slam SBP remittance initiative

By: Shahid Iqbal Published in Dawn, December 3rd, 2019 KARACHI: The State Bank of Pakistan (SBP) on Thursday urged currency dealers to discuss measures to further improve remittances. The dealers, however, said the grey market has already taken more than 50 per cent of their business. “We have been invited by the SBP for improvement and incentives[…]