Kuwaiti Dinar Strengthens Against Pakistani Rupee, Boosting Remittances The Kuwaiti Dinar has edged higher against the Pakistani Rupee, trading at 922.25 PKR, up slightly from 921.68 PKR on August 23. This follows a volatile few months, with the Dinar moving from 919.67 PKR on June 10 to 926.79 PKR earlier this week. Analysts say the […]
Remittances Boost Pakistan’s Economy as Major Overseas Workers Send More Money Home ISLAMABAD — Pakistan has kicked off the new fiscal year 2025-26 on a positive note with a significant rise in remittances, the central bank announced. The inflows mainly came from key overseas employment hubs, with Saudi Arabia leading the way, contributing $823.7 million. […]
Saudi Riyal Drops Slightly to Rs75.28, Highlighting Its Crucial Role in Pakistan’s Economy The Saudi Riyal has seen a modest decline against the Pakistani Rupee, with the selling rate now at Rs75.85. This gradual downward trend is mainly driven by market corrections and steady remittance inflows from overseas workers, emphasizing the Riyal’s ongoing importance in […]
The remittances reached US$ 14.8 billion during July-November 2024-25 as against the remittances of US$ 11.1 billion received during July-November 2023-24. On a year-on-year basis, workers’ remittances during November 2024 recorded an inflow of US$ 2.9 billion, posting an increase of 29.1 percent as compared to the same month of last year. Remittances inflows during […]
In a statement issued here, the central bank said that in terms of growth during September 2024, remittances increased by 24 percent on a year-on-year basis The SBP stated that the remittances inflows during October 2023 were recorded at $2.5, whereas in October 2024 it increased by 7 percent from September 2024. Earlier, Prime Minister […]
