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Tag Archives: Remittance

Precarious reliance on remittances

Precarious reliance on remittances

Does the last Wednesday speech of the US President Donald Trump in which he declared that the USA is 100% self-sufficient in meeting its energy needs raise alarms for the overseas workers working in the Gulf? Majority of the overseas …

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Betterment of remittances into Pakistan

Betterment of remittances into Pakistan

Statistics showed that during November 2019, overseas Pakistani workers sent $1.81 billion as 9.35 percent higher remittances, which helped improve the country’s ability to make import payments and repay foreign debt. In the same month of the previous year, remittances …

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Remittances comeback

Remittances comeback

According to the State Bank of Pakistan (SBP), Pakistan’s remittances from overseas workers were increased 24 percent to $2.039 billion in the first month of FY2019-2020 from $1.645 billion in the last month. However, statistics also showed that July remittances …

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Falling account deficit

Falling account deficit

In developing countries, researchers see that the current account deficit is regarded as one of the significant reasons for unsteady growth. Thus, the controllability of current account deficit and the selection of strategies to be implemented play a determining role …

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