• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Pakistan Sindh

PM orders early completion of Karachi uplift projects

Top by Top
August 11, 2021
in Sindh
0
0
SHARES
19
VIEWS
Share on FacebookShare on Twitter

Overseas Pakistanis sent home $2.7 billion in July, making it the 14th consecutive inflow above $2 billion, the State Bank of Pakistan said on Tuesday.

The central bank said that remittance inflows during July 2021 were mainly sourced from Saudi Arabia ($641 million), United Arab Emirates ($531 million), United Kingdom ($393 million), and the United States ($312 million).

In the fiscal year 2021 that ended on June 30, Pakistani expats sent home $29.4 billion, which is the highest amount of worker remittances the country has ever recorded and 27% increase over the previous year.

This helped the country boost its foreign exchange reserves to their highest level in over four-and-a-half years and keep the current account balance in surplus for the first 10 months of the past fiscal year.

Pakistan finance minister Shaukat Tarin praised overseas Pakistanis for sending a record high amount of remittances, which helped contain the current account deficit.

“Proactive policy measures by the Government and SBP to incentivize the use of formal channels, curtailed cross-border travel in the face of COVID-19, altruistic transfers to Pakistan amid the pandemic, and orderly foreign exchange market conditions have positively contributed towards the sustained improvement in remittance inflows since last year,” the SBP said.

Remittances are expected to increase but the growth may not be as high as it was last year, the governor remarked. Exports are expected to grow too.

The SBP has offered various schemes to overseas Pakistanis through Roshan Digital Account. These include investment in government securities at attractive interest rates and car financing on subsidized markup. Through RDA, the Pakistani diaspora sent over $1.5 billion

Previous Post

US wants Afghanistan’s Neighbours to not Recognise Imposed Govt in Kabul

Next Post

Top

Top

Related Posts

Sindh Announces to keep Educational Institutes closed till Aug 19
Sindh

Sindh Announces to keep Educational Institutes closed till Aug 19

by Top
August 17, 2021
Former president Mamnoon Hussain passes away in Karachi
Sindh

Former president Mamnoon Hussain passes away in Karachi

by Top
July 15, 2021
Sindh to review coronavirus restrictions on June 4
Business

Sindh to review coronavirus restrictions on June 4

by Top
August 17, 2021
SC issues Notice to Sindh Govt in Daniel Pearl Case
Sindh

SC issues Notice to Sindh Govt in Daniel Pearl Case

by Top
July 1, 2021
Peace in Sindh is the common goal, says Rashid
Pakistan

Peace in Sindh is the common goal, says Rashid

by Top
July 1, 2021
100k citizens fail to return for second jabs in Sindh
Sindh

100k citizens fail to return for second jabs in Sindh

by Top
July 1, 2021
Sindh tightens restrictions as cases surge after Eid
Sindh

Sindh tightens restrictions as cases surge after Eid

by Top
July 5, 2021
Next Post

Popular Stories

  • Foreign exchange: SBP reserves go down by $75mn in a week

    Pakistani rupee slips further against the US dollar

    0 shares
    Share 0 Tweet 0
  • Modi to Lay Foundation Stone for Hindu Temple at Babri Masjid Site

    0 shares
    Share 0 Tweet 0
  • Sheheryar Munawar Broke the Silence on Romantic Photoshoot with Sajal Aly

    0 shares
    Share 0 Tweet 0
  • Talks with India not possible until revocation of J&K’s status: PM Office

    0 shares
    Share 0 Tweet 0
  • Former first lady Nusrat Bhutto rests next to her husband

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan
  • Pakistani rupee slips further against the US dollar

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In