Remittances cross $3bn in October: SBP chief

By Shahid Iqbal Published in Dawn on November 05, 2024 KARACHI: Higher foreign inflows are expected this month as the remittances crossed $3 billion in October, while the State Bank of Pakistan (SBP) expects $500 million from the Asian Development Bank (ADB) this week. In a briefing with the analysts and researchers after the announcement of the […]

10

Oct

Remittances swell 29% year-on-year in Sept amid exchange rate stability

Published in The News on October 09, 2024 Remittances sent home by overseas workers jumped 29% year-on-year (YoY) to $2.849 billion in September from $2.208 billion in the same month last year, latest numbers released by the State Bank of Pakistan (SBP) showed on Wednesday, which anlysts attributed to exchange rate stability. On a month-on-month basis, inflows[…]

16

Sep

New incentives proposed to boost remittances

By Zafar Bhutta Published in The Express Tribune on September 14, 2024 ISLAMABAD: The State Bank of Pakistan (SBP) has proposed performance-based incentives for banks and exchange companies to encourage higher remittance inflows through formal banking channels. Sources told The Express Tribune that during a recent Economic Coordination Committee (ECC) meeting, the deputy governor of SBP explained[…]