No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Cumulative remittances up by 12pc from last year

News Desk by News Desk
November 15, 2021
in Business, Featured
Reading Time: 1 min read
Remittances
Share on FacebookShare on Twitter

ISLAMABAD: Despite recording a decline in the remittances from the overseas Pakistanis during the current month, the cumulative remittances have gone up by 12 per cent from last year during the same period.

So far, $10.6 billion worth of remittances have been recorded during July-October. The State Bank of Pakistan (SBP) announced on Twitter on Sunday that the “remittances continued their strong streak, rising by 10pc from October 20”.

https://twitter.com/StateBank_Pak/status/1459796188169969665/photo/1

Remittances were growing at 12.5pc until end-September but a decline in remittances in October meant that the overall remittances were capped at 12pc.

It is pertinent to mention here that the remittances have not fallen below $2bn since June 2020. Pakistan has long been facing the problem of higher current account deficit. But, the remittances have, somewhat, supported the country’s economy from collapsing altogether.

Related

News Desk

News Desk

Related Posts

LHC suspends de-notification of 43 PTI members
Featured

Lahore High Court suspends Raja Pervaiz Ashraf ruling to accept resignations of 43 PTI MNAs

February 8, 2023
Expectations of circular debt resolution, KSE-100 index gains 509 points in opening hours
Business

Expectations of circular debt resolution, KSE-100 index gains 509 points in opening hours

February 7, 2023
KP Counter Terrorism department announces Rs10 million reward for information about Peshawar mosque attack
Featured

KP Counter Terrorism department announces Rs10 million reward for information about Peshawar mosque attack

February 7, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

People of Pakistan are facing identity crisis, says Faysal Qureshi

People of Pakistan are facing identity crisis, says Faysal Qureshi

by Zain Aijaz
February 8, 2023

Reknowned name of the Pakistan entertainment industry, Faysal Quraishi has highlighted the fact that the country is facing an identity...

Andy Flower

Andy Flower previews HBL PSL 8 for Multan Sultans

by Press Release
February 8, 2023

LAHORE: Multan Sultans made their HBL Pakistan Super League debut in 2018 and have established themselves as the most successful...

Aaqib Javed previews HBL PSL 8 for Lahore Qalandars

Aaqib Javed previews HBL PSL 8 for Lahore Qalandars

by Press Release
February 8, 2023

LAHORE: Lahore Qalandars had a stunning run in the last edition of the HBL Pakistan Super League, which culminated in...

LHC suspends de-notification of 43 PTI members

Lahore High Court suspends Raja Pervaiz Ashraf ruling to accept resignations of 43 PTI MNAs

by Zain Aijaz
February 8, 2023

  On Wednesday, the Lahore High Court (LHC) came into action to suspend the ruling of National Assembly Speaker Raja...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.