Remittances sent home by overseas Pakistanis touched a seven-month high at $2.5 billion in March apparently due to Ramadan and Eid ul Fitr. The inflow of workers’ remittances was 27% higher compared to the prior month of February; however, it was 11% lower compared to March 2022, the State Bank of Pakistan (SBP) data showed.

Leave a Reply

Your email address will not be published.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

You May Also Like

SBP-held reserves plummet below $4.5bn

Pakistan’s central bank forex reserves have plunged to the lowest level since…

PTCL acquires Pakistan’s major telecom firm

Pakistan Telecommunication Company Limited (PTCL) has signed a Share Purchase Agreement (SPA)…

Rupee hits new historic low

Karachi: The rupee has been declining lately and the Pakistani currency hit…

Dubai’s tourism sector boosts robust growth

The economic momentum carried forward from last year and the launch of…