Pakistan Remittances Fall to Low of 8 Months

Karachi November 11 2022: In October 2022, workers’ remittances recorded an inflow of US$2.2 billion indicating a 9 percent decrease ...

SBP Encourage Exchange Companies to Explore New Arrangements with Foreign Entities to Increase Remittance Inflow

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November 9, 2022

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Karachi November 9 2022: State Bank of Pakistan ask exchange companies to explore new agency arrangement with foreign entities in ...

Pakistan Remittances Declined to $ 2.4 Billion in September

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October 11, 2022

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Karachi October 11 2022: Pakistan workers’ remittances recorded an inflow of US$ 2.4 billion during September 2022, according to data ...

Pakistan Current Account Deficit Shrinks to $0.7 Billion in August

Pakistan’s Current Account Deficit Shrinks to $0.7 Billion in August 2022

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September 22, 2022

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Karachi September 22 2022: Pakistan's Current Account Deficit (CAD) fell to $0.7bn in Aug compared to $1.2bn in July 2022, ...

RBI Sees India’s Current-Account Deficit Staying Within 3% of GDP

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September 17, 2022

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New Delhi September 17 2022: India’s central bank expects the country’s current account deficit to stay within a limit it ...

Auto assemblers and Electrical equipment importers need prior SBP permission for imports Karachi July 6 2022: SBP adds Auto Assemblers to the list of goods for which Authorized Dealers are required to seek prior permission from Foreign Exchange Operations Department (FEOD), SBP-BSC for initiating the import transaction. Henceforth, Authorized Dealers shall be required to seek prior permission from FEOD, SBP-BSC before initiating transactions for import of CKD for Motor Cars. Authorized Dealers are advised to bring the same to the knowledge of all the concerned and ensure meticulous compliance of the above & other applicable regulations on the subject. Authorized Dealers are especially instructed to bring these instructions to the knowledge of their customers and advise them to approach the bank before initiation of import transaction of any item covered under this circular letter.

Overseas Continue to Support Pakistan’s Current Account as Roshan Digital Account Inflows Near $5 Billion

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September 6, 2022

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Karachi September 6 2022: The inflow of remittances under the Roshan Digital Account (RDA) rose to US $4.981 billion by ...

New Zealand to Temporarily Boost Worker Intake Amid Shortfall

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August 21, 2022

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Auckland August 21 2022: New Zealand will make temporary changes to immigration rules, a minister said on Sunday, aiming to ...

Pakistan Received $2.5 Billion in Remittances during July 2022

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August 16, 2022

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Karachi August 16 2022: Workers’ remittances recorded an inflow of US$2.5 billion during July 22, continuing theirrecord streak of above ...

No Relief For Pakistan Rupee As It Falls To 232 In Interbank Against Dollar

SBP Implement Digital Issuance of Remittances Receipts for Authorized Dealers

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August 5, 2022

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Karachi August 5 2022: In order to provide convenience to the banking customers, Authorized Dealers (ADs) were advised to digitalize ...

Remittance drop more than 25% to $ 2.3 billion in May

Pakistan Remittances Reaches to a Record $31.2 billion In Fiscal Year 2022

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July 18, 2022

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Karachi July 18 2022: Pakistan receives remittances of $31.2 bn in FY22, which is up 6% compared to FY21, according ...

Tag: Remittances