Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

State Bank of Pakistan : Trend of Strong Workers' Remittances Continues in September (12-10-2020)

10/12/2020 | 12:50am EST

External Relations Department

ERD/M&PRD/PR/01/2020-106

October 12, 2020

Trend of Strong Workers' Remittances Continues in September

  • Workers' remittances remained above $2 billion for the fourth consecutive month in September. They increased to $2.3 billion, 31.2 percent higher than the same month last year and 9 percent higher than in August.
  • On a cumulative basis, remittances rose to a record $ 7.1 billion in Q1-FY21, 31.1 higher than the same period last year.
  • The level of remittances in September was slightly higher than SBP's projections of $ 2 billion. Efforts under the Pakistan Remittances Initiative (PRI) and the gradual re-opening of major host destinations such as Middle East, Europe and United States contributed to the sustained increase in workers' remittances.

*****

Page 1

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

State Bank of Pakistan published this content on 12 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2020 04:49:06 UTC


© Publicnow 2020
Latest news "Economy & Forex"
05:59pSupreme Court Justices Question IRS Shield in Tax-Shelter Case -- 2nd Update
DJ
05:55pA MORE ACCESSIBLE AND SUSTAINABLE WORLD : A Disability-inclusive Response to COVID-19
PU
05:49pFDA chief Hahn says mid-December vaccine approval just 'possible' - ABC News
RE
05:46pScarce early vaccine supply should go to health workers, nursing homes -U.S. health advisers
RE
05:27pGlobal equity markets jump, bonds dip, on hopes of vaccine-led recovery
RE
05:23pSupreme Court Justices Question IRS Shield in Tax-Shelter Case -- Update
DJ
05:21pNew Zealand Export Purchasing Power Fell in 3Q
DJ
05:11pUtilities Recoup Some Losses, But Still Down For Year - Utilities Roundup
DJ
05:09pDisney consolidates TV studios as part of focus on streaming
RE
05:09pAutomakers pledge to work with Biden to reduce emissions
RE
Latest news "Economy & Forex"