No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
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.

News Desk

News Desk

Leave a Reply Cancel reply

Your email address will not be published.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

How to check LESCO Bill Online 2022
How-To Guides

How to Check LESCO Bill Online 2022

by Web Desk
May 25, 2022
Punjab police start shelling; Azadi march begins despite blockades across country
Featured

Punjab police start shelling; Azadi march begins despite blockades across country

by News Desk
May 25, 2022
19 children, two adults killed in Texas school shooting
Latest News

19 children, two adults killed in Texas school shooting

by News Desk
May 25, 2022
‘Will not allow PTI to enter Islamabad,’ Rana Sanaullah
Featured

‘Will not allow PTI to enter Islamabad,’ Rana Sanaullah

by News Desk
May 25, 2022
Oppo Reno 7 Pro 5g Price in Pakistan
Smart Phone

Oppo Reno 7 Pro 5g Price & Specification 2022

by Web Desk
May 24, 2022

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

Copyright © 2022 The Upcut. All rights reserved.