US dollars are counted by a banker who counts currency at a bank. —Reuters H1FY25 remittances increased 32.8% YoY Top remittance sources: Saudi Arabia, United Arab Emirates and United Kingdom. Higher incomes and digital infrastructure as drivers. Pakistan’s remittances reached $3.1 billion in December, an increase of 29.3 percent year-on-year, central bank data showed on … Read more
A currency changer counting $100 bills. — AFP/File Stable flows from the UAE “reflect” strict exchange controls. The SBP and the government expect remittances to reach a record high of $35 billion in FY25. During political unrest, remittances have demonstrated resilience. KARACHI: Data from the State Bank of Pakistan (SBP) on Monday revealed that remittances … Read more
Finance Minister Muhammad Aurangzeb addresses a press conference in this undated image. – APPLICATION FinMin attributes a positive projection to the government’s economic policies. Aurangzeb emphasizes the role of the private sector in the economy. The minister discusses the economic losses of the last 6 years amounting to Rs6 tr. KARACHI: Finance Minister Muhammad Aurangzeb … Read more