remittance

SBP records $13.3bn in remittance inflows for Jul-Jan FY20

SBP records $13.3bn in remittance inflows for Jul-Jan FY20

February 14, 2020

KARACHI: The State Bank of Pakistan (SBP) has reported an increase of 4% in remittances sent by overseas Pakistanis, with the current inflow totalling $13.3billion in the first seven months of the current fiscal year. Figures for the same time frame last year stood at $12.77billion. In January alone, the[...]
Govt working on encouraging legal inflow of remittances

Govt working on encouraging legal inflow of remittances

November 28, 2019

ISLAMABAD: In order to attract an increased amount of foreign remittances via legal channels, the economic team of Prime Minister Imran Khan apprised him of the contents of a proposed incentives package. It was suggested that additional incentives for banks and exchange companies should be drawn up and offered to[...]
Freelancers permitted to receive up to $5,000 per month

Freelancers permitted to receive up to $5,000 per month

November 26, 2019

KARACHI: Freelancers across Pakistan have cause to rejoice as the State Bank of Pakistan (SBP), in a bid to raise remittances of at least $1.2 billion per year,increased their permitted payment limit to $5,000 per individual per month. Previously, freelancers offering services in computer and information systems in addition to[...]