KARACHI: Overseas Pakistani workers remitted $1,761 million in August 2016, which is 15.3% higher compared with the amount sent home in the same month of the previous year, according to data released by the State Bank of Pakistan (SBP) on Friday.
This is in sharp contrast to what happened in July 2016, in which remittances dropped by a significant 20.2% compared with the same month of the previous fiscal year, prompting some analysts to warn of an imminent balance of payment crisis if the trend continued in coming months.
http://tribune.com.pk/story/1179652/august-remittances-jump-15-3-year-year/
Waseem® replied on Saturday, September 10, 2016 12:01 PM
Its because of Eid-ul-Azha & also the little activity is due to the same reason. |
HassanHC® replied on Saturday, September 10, 2016 12:30 PM
Looks like after Eid market will be objected with new money from overseas. |
webster® replied on Saturday, September 10, 2016 01:43 PM
It must be black money which have come back to country after becoming white. |
A Loyal Pakistani Sitting replied on Saturday, September 10, 2016 05:41 PM
Most Pakistanis living abroad try to spend Eid in Pakistan and of course bring with them especially living in Middle East countries so no point of getting happy. Little buy / sell also can been seen for the same reason. Just wait till October and things would cool down further.
Shitty Government is destroying everything especially in Property sector and NEXT would be Forex / Trade / Stock Exchange before end of this year. MARK MY WORDS GUYS!!!!
Bastered politicians in Govt. will take down this country soon (God Forbid) |
Saud replied on Sunday, September 11, 2016 03:46 AM
Good governance and clear policies have started reviving investors' shaken confidance. That good. |
Ammar® replied on Sunday, September 11, 2016 04:02 PM
@ saud,
what are you smoking nowadays?
Good governance and clear policies??? |
ahm replied on Sunday, September 11, 2016 08:56 PM
this is positive.
there was eid last year as well in the same month |
