LAHORE: Remittances to Pakistan increased by 17 percent with the greatest inflow from Saudi Arabia, followed by the gulf countries and European countries.
As per the Migration and Development Brief published by the World Bank, the remittances to Pakistan were more than the average of 5.2 percent inflows to other South Asian countries.
According to various financial institutions including the World Bank, remittances were expected to decrease along with shrinking of the foreign exchange funds of the country due to the on-going COVID-19 pandemic.
However, the growth in remittances is attributed to limited international travel, FATF- related restrictions and various incentives given to overseas Pakistanis by the State Bank of Pakistan (SBP). Roshan Digital Accounts, which surpassed the $1 billion mark, has also aided to attract more overseas investments and inflows.
For more news, 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.
