KARACHI: The international credit rating agency in its report has termed the increase in remittances inflows positive for Pakistan’s banking sector.
The report is being issued in the backdrop of increase in remittances to $16.5bn in the July-Jan period of FY-21.
According to the report, the increasing inflows of remittances have shown the trend contrary to the reports of the World Bank amidst the pandemic.
Furthermore, the report has mentioned that increasing remittances will support the small and medium-sized enterprises, and will also ease the lending in the agriculture sector.
CEO Graana.com said that Pakistan needs $25-30bn for the construction of one million housing units and almost $12bn can be secured from the remittances sent by overseas Pakistanis.
For news and blogs, visit Graana.com.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
