Pakistan set to get 32 Billion Dollars from Out of Country Pakistani

[AZADPAKISTAN2009]

Pakistan on track to receive $32bln remittances in 2022

Overseas Pakistanis remit $15.8bln during July-December 2021 period

www.zawya.com

Khaleej Times
Pakistan is on track to achieve a record $32 billion in remittance inflows in the current fiscal year 2021-22 as over nine million overseas workers remitted $15.8 billion during the first half ended on December 31, 2021.

The latest data released by the central bank, State Bank of Pakistan (SBP), showed that non-resident Pakistanis sent 11.3 per cent more money back home during the July-December period compared to the same period last year.

"With $2.5 billion of inflows during December 2021, workers' remittances continued their strong impetus of remaining above $2 billion since June 2020. In terms of growth, remittances increased by 2.5 per cent month-on-month basis and 3.4 per cent year-on-year basis in December 2021," according to the central bank.
Pakistan economy has received much-needed support and relief through a consistent upward remittances trend since June 2020. The government expects $31 billion in remittances for the current fiscal year of 2021-22. Pakistan received record $29.4 billion remittances during 2020-21 compared to the $23 billion received during 2019-20.
UAE, Saudi expats lead
Overseas Pakistanis residing in the UAE and Saudi Arabia contributed a significant share in total remittances as they sent $3 billion and $4.03 billion, respectively, during the first half of 2021-22.
Non-resident Pakistanis in the UAE remitted $453.2 million in December, while workers in Saudi Arabia sent $626.6 million, according to the central bank data.
United Kingdom ($340.8 million) and the United States of America ($248.5 million) were other significant contributors to the remittances in December.
"Proactive policy measures by the government and SBP to incentivise the use of formal channels and altruistic transfers to Pakistan amid the pandemic have positively contributed towards the sustained inflows of remittances since last year," SBP said in a statement.
The central bank further clarified that the July-November data of workers’ remittances have been revised upward to reflect inflows into Roshan Digital Accounts (RDA) that are related to local consumption such as payment of utility bills, transfer to local Pak rupee account, etc. "Since data on these conversions was not previously available by country, these were reported under ‘other private transfers’ in the balance of payments statistics. The December 2021 data is also compiled accordingly, and this treatment will be followed going forward," the central bank statement said.
Copyright © 2022 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

 

[Norwegian]

Pakistan on track to receive $32bln remittances in 2022

Overseas Pakistanis remit $15.8bln during July-December 2021 period

www.zawya.com

Khaleej Times
Pakistan is on track to achieve a record $32 billion in remittance inflows in the current fiscal year 2021-22 as over nine million overseas workers remitted $15.8 billion during the first half ended on December 31, 2021.

The latest data released by the central bank, State Bank of Pakistan (SBP), showed that non-resident Pakistanis sent 11.3 per cent more money back home during the July-December period compared to the same period last year.

"With $2.5 billion of inflows during December 2021, workers' remittances continued their strong impetus of remaining above $2 billion since June 2020. In terms of growth, remittances increased by 2.5 per cent month-on-month basis and 3.4 per cent year-on-year basis in December 2021," according to the central bank.
Pakistan economy has received much-needed support and relief through a consistent upward remittances trend since June 2020. The government expects $31 billion in remittances for the current fiscal year of 2021-22. Pakistan received record $29.4 billion remittances during 2020-21 compared to the $23 billion received during 2019-20.
UAE, Saudi expats lead
Overseas Pakistanis residing in the UAE and Saudi Arabia contributed a significant share in total remittances as they sent $3 billion and $4.03 billion, respectively, during the first half of 2021-22.
Non-resident Pakistanis in the UAE remitted $453.2 million in December, while workers in Saudi Arabia sent $626.6 million, according to the central bank data.
United Kingdom ($340.8 million) and the United States of America ($248.5 million) were other significant contributors to the remittances in December.
"Proactive policy measures by the government and SBP to incentivise the use of formal channels and altruistic transfers to Pakistan amid the pandemic have positively contributed towards the sustained inflows of remittances since last year," SBP said in a statement.
The central bank further clarified that the July-November data of workers’ remittances have been revised upward to reflect inflows into Roshan Digital Accounts (RDA) that are related to local consumption such as payment of utility bills, transfer to local Pak rupee account, etc. "Since data on these conversions was not previously available by country, these were reported under ‘other private transfers’ in the balance of payments statistics. The December 2021 data is also compiled accordingly, and this treatment will be followed going forward," the central bank statement said.
Copyright © 2022 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

Got 31 billion dollars already. Thank you overseas Pakistanis

 

[Flight of falcon]

These people sweat and live 10 to a room but send every penny they make to their families. Their money buys all the luxuries for tax thieves and corrupt in Pakistan.

Meanwhile Patwaris buy dollars and store them or send them to their papa in London for his treatment…..

 

[SaadH]

Meanwhile Pakistanis living in Pakistan, wake up each day after 12PM, play dabu all day, don't bother picking up trash even in front of their houses, stay up until 3 AM in the morning. Those who actually have jobs, show up no earlier than 10AM, take 2 hour lunches and take off for home at 2 PM.

 

[StormBreaker]

Pakistan on track to receive $32bln remittances in 2022

Overseas Pakistanis remit $15.8bln during July-December 2021 period

www.zawya.com

Khaleej Times
Pakistan is on track to achieve a record $32 billion in remittance inflows in the current fiscal year 2021-22 as over nine million overseas workers remitted $15.8 billion during the first half ended on December 31, 2021.

The latest data released by the central bank, State Bank of Pakistan (SBP), showed that non-resident Pakistanis sent 11.3 per cent more money back home during the July-December period compared to the same period last year.

"With $2.5 billion of inflows during December 2021, workers' remittances continued their strong impetus of remaining above $2 billion since June 2020. In terms of growth, remittances increased by 2.5 per cent month-on-month basis and 3.4 per cent year-on-year basis in December 2021," according to the central bank.
Pakistan economy has received much-needed support and relief through a consistent upward remittances trend since June 2020. The government expects $31 billion in remittances for the current fiscal year of 2021-22. Pakistan received record $29.4 billion remittances during 2020-21 compared to the $23 billion received during 2019-20.
UAE, Saudi expats lead
Overseas Pakistanis residing in the UAE and Saudi Arabia contributed a significant share in total remittances as they sent $3 billion and $4.03 billion, respectively, during the first half of 2021-22.
Non-resident Pakistanis in the UAE remitted $453.2 million in December, while workers in Saudi Arabia sent $626.6 million, according to the central bank data.
United Kingdom ($340.8 million) and the United States of America ($248.5 million) were other significant contributors to the remittances in December.
"Proactive policy measures by the government and SBP to incentivise the use of formal channels and altruistic transfers to Pakistan amid the pandemic have positively contributed towards the sustained inflows of remittances since last year," SBP said in a statement.
The central bank further clarified that the July-November data of workers’ remittances have been revised upward to reflect inflows into Roshan Digital Accounts (RDA) that are related to local consumption such as payment of utility bills, transfer to local Pak rupee account, etc. "Since data on these conversions was not previously available by country, these were reported under ‘other private transfers’ in the balance of payments statistics. The December 2021 data is also compiled accordingly, and this treatment will be followed going forward," the central bank statement said.
Copyright © 2022 Khaleej Times. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

NRP paal rahe hain is mulk ko.

Pehle ye gadha bheek mangta hai overseas walon se phir khamosh hojata hai Nasla aur Bahria jaise incidents mein.

Sirf favor leni aati hai, Deni nai !

These people sweat and live 10 to a room but send every penny they make to their families. Their money buys all the luxuries for tax thieves and corrupt in Pakistan.

Meanwhile Patwaris buy dollars and store them or send them to their papa in London for his treatment…..

And when these people buy homes and apartments in places like Nasla, Bahria town, with their hard earned money, State is no where to be seen helping them. Bas bheek leni aati hai in bhikarion ko.

Always unfair and unjust with people.

 

[CrazyZ]

Now we must get exports up to $50 Billion while capping imports in the $30 Billion - $40 Billion range through increased domestic energy production.

 

[SaadH]

NRP paal rahe hain is mulk ko.

Pehle ye gadha bheek mangta hai overseas walon se phir khamosh hojata hai Nasla aur Bahria jaise incidents mein.

Sirf favor leni aati hai, Deni nai !

View attachment 808901

And when these people buy homes and apartments in places like Nasla, Bahria town, with their hard earned money, State is no where to be seen helping them. Bas bheek leni aati hai in bhikarion ko.

Always unfair and unjust with people.

Aik baat karo, state kis kay control mein hai? Establishment, Judiciary ya Imran Khan???

 

[CrazyZ]

Meanwhile Pakistanis living in Pakistan, wake up each day after 12PM, play dabu all day, don't bother picking up trash even in front of their houses, stay up untile 3 AM in the morning. Those who actually have job, show up no earlier than 10AM, take 2 hour lunches and take off for home 2 PM.

Many Americans do the same in these Covid times . Its why productivity is declining and inflation is surging......but netflix is doing great.

 

[Menace2Society]

Exports should be at least quadruple that of remittances.

 

[Clutch]

These people sweat and live 10 to a room but send every penny they make to their families. Their money buys all the luxuries for tax thieves and corrupt in Pakistan.

Meanwhile Patwaris buy dollars and store them or send them to their papa in London for his treatment…..

Meanwhile Pakistanis living in Pakistan, wake up each day after 12PM, play dabu all day, don't bother picking up trash even in front of their houses, stay up untile 3 AM in the morning. Those who actually have job, show up no earlier than 10AM, take 2 hour lunches and take off for home at 2 PM.

Shhhh... You shouldn't speak the truth!...

Well said...

 

[CrazyZ]

We should be thanking the FATF pressure, its forcing billions in previously hidden transactions to show up on our economic metrics.

 

[SaadH]

They are sending money to their relatives or are buying property yahan comments dekh kar aysa lgta ha jaisay Pakistanis par ehsan kar rhay hain

Most of the remittances comes from ME countries and overwhelming majority of those Pakistanis are low skill workers whose families are living hand to mouth back home, hence most of the remittances is going towards feeding Pakistanis not buying property.

 

[Riz]

NRP paal rahe hain is mulk ko.

Pehle ye gadha bheek mangta hai overseas walon se phir khamosh hojata hai Nasla aur Bahria jaise incidents mein.

Sirf favor leni aati hai, Deni nai !

View attachment 808901

And when these people buy homes and apartments in places like Nasla, Bahria town, with their hard earned money, State is no where to be seen helping them. Bas bheek leni aati hai in bhikarion ko.

Always unfair and unjust with people.

Yeh ise ki waja sa a raha ha seedha SBP ma, pehly jo aty thay woh apky sharif haji leaders kha jaya karty thay hundi hawaly k business unhi k chahcy mamon k thay , isko to bheek day daity hain Pakistanis un hajion ko keu nhi daity thay ?

They are sending money to their relatives or are buying property yahan comments dekh kar aysa lgta ha jaisay Pakistanis par ehsan kar rhay hain

Ksi ko takleef nhi bus patwari nasal k pichwary ma dard hota ha k sharif to hamary leader thay unko keun nhi dia pakistanis na

 

[Bilal.]

NRP paal rahe hain is mulk ko.

Pehle ye gadha bheek mangta hai overseas walon se phir khamosh hojata hai Nasla aur Bahria jaise incidents mein.

Sirf favor leni aati hai, Deni nai !

View attachment 808901

And when these people buy homes and apartments in places like Nasla, Bahria town, with their hard earned money, State is no where to be seen helping them. Bas bheek leni aati hai in bhikarion ko.

Always unfair and unjust with people.

He is the prime minister not the emperor of Pakistan. His powers are defined by the framework of constitution. He can’t do jack about the decision of Supreme Court or in matters that come under province. In fact, the Supreme Court can send him packing if they perceive contempt.

 

[Genghis khan1]

If PIA unfcuk itself, and improve it’s service, these millions of overseas Pakistani rather fly directly to Pakistan using PIA than paying for connecting flight through Emirates, Qater or Turkish airlines.

That’s Billions of dollars in revenue lost every year.