{"id":8680,"date":"2021-04-12T09:58:21","date_gmt":"2021-04-12T09:58:21","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=8680"},"modified":"2021-04-12T09:59:05","modified_gmt":"2021-04-12T09:59:05","slug":"pakistans-overseas-remittances-exceed-2bn-for-10th-straight-month","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/12\/pakistans-overseas-remittances-exceed-2bn-for-10th-straight-month\/","title":{"rendered":"Pakistan&#8217;s overseas remittances exceed $2bn for 10th straight month"},"content":{"rendered":"<p>Remittances from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month in March at $2.7 billion \u2014 up 43 per cent from a year earlier, the State Bank of Pakistan (SBP) said on Monday.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8685\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/overseas-remitances-pakistan-rapidnews.jpg\" alt=\"overseas-remitances-pakistan-rapidnews\" width=\"885\" height=\"502\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/overseas-remitances-pakistan-rapidnews.jpg 885w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/overseas-remitances-pakistan-rapidnews-300x170.jpg 300w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/overseas-remitances-pakistan-rapidnews-768x436.jpg 768w\" sizes=\"auto, (max-width: 885px) 100vw, 885px\" \/><\/p>\n<p>Proactive policy steps by the government and the SBP to spur inflows through formal channels, combined with limited cross-border travel, medical expenses and altruistic transfers amid the pandemic to fuel the rise, it said in a statement.<\/p>\n<div class=\"media__item \">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The love &amp; commitment of Overseas Pakistanis to Pakistan is unparalleled. You sent over $2bn for 10 straight mths despite Covid, breaking all records. Your remittances rose to $2.7bn in Mar, 43% higher than last yr. So far this fiscal yr, your remittances rose 26%. We thank you<\/p>\n<p>\u2014 Imran Khan (@ImranKhanPTI) <a href=\"https:\/\/twitter.com\/ImranKhanPTI\/status\/1381457965010542594?ref_src=twsrc%5Etfw\">April 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to the SBP, a large part of the remittances during the July to March period in FY21 came mainly from Saudi Arabia, standing at $5.7 billion; the United Arab Emirates, at $4.5 billion; with $2.9 billion from Britain and $1.9 billion from the United States, the central bank said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Workers remittances have recorded an increase of 43% in March compared to same time last year.<br \/>\nThe increase in July-March period is 26.2% (from usd 17bn to 21.5 bn).<\/p>\n<p>\u2014 Hammad Azhar (@Hammad_Azhar) <a href=\"https:\/\/twitter.com\/Hammad_Azhar\/status\/1381486076578119680?ref_src=twsrc%5Etfw\">April 12, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n\u201cThe love and commitment of overseas Pakistanis to Pakistan is unparalleled,\u201d Prime Minister Imran Khan said on Twitter.<\/p>\n<div class=\"template__main clearfix modifier--open px-1 w-full sm:w-2\/3 mx-auto\">\n<div class=\"story__content overflow-hidden text-4 sm:text-4.5 pt-1 mt-1\" dir=\"auto\">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8687\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/Pakistan-overseas-remittances-exceed-2bn-for-10th-straight-month-rapidnews.jpg\" alt=\"Pakistan-overseas-remittances-exceed-$2bn-for-10th-straight-month-rapidnews\" width=\"800\" height=\"480\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/Pakistan-overseas-remittances-exceed-2bn-for-10th-straight-month-rapidnews.jpg 800w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/Pakistan-overseas-remittances-exceed-2bn-for-10th-straight-month-rapidnews-300x180.jpg 300w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/Pakistan-overseas-remittances-exceed-2bn-for-10th-straight-month-rapidnews-768x461.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>\u201cYou sent over $2 billion for 10 straight months despite Covid, breaking all records. We thank you,\u201d he said.<\/p>\n<p>Finance Minister Hammad Azhar also shared the news on Twitter. &#8220;The increase in the July-March period is 26.2pc (from $17bn to 21.5bn),&#8221; he said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Remittances from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month in<\/p>\n","protected":false},"author":1,"featured_media":8686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-8680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pakistan&#039;s overseas remittances exceed $2bn for 10th straight month<\/title>\n<meta name=\"description\" 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href=\"https:\/\/dailyrapidnews.com\/eng\/category\/business\/\" rel=\"category tag\">Business<\/a>","tag_info":"Business","comment_count":"0","jetpack-related-posts":[{"id":10840,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/18\/remittances-rise-to-an-all-time-high-of-2-8bn-in-april\/","url_meta":{"origin":8680,"position":0},"title":"Remittances rise to an all-time high of $2.8bn in April","date":"May 18, 2021","format":false,"excerpt":"ISLAMABAD: Prime Minister Imran Khan on Tuesday praised overseas Pakistanis for sending a record $2.8 billion in remittances in April. \u00a0 \"I have always believed Overseas Pakistanis to be our greatest asset,\" the premier said in a Twitter post today. \"In April, your remittances rose to an all-time high of\u2026","rel":"","context":"In 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Surprising all traders by an abrupt fluctuation in\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Weekly-currency-update-Pakistani-Rupee-to-remain-stable-in-coming-week-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/04\/Weekly-currency-update-Pakistani-Rupee-to-remain-stable-in-coming-week-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":7729,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/03\/29\/dollar-slides-to-its-lowest-level-in-almost-two-years\/","url_meta":{"origin":8680,"position":3},"title":"Dollar slides to its lowest level in almost two years","date":"March 29, 2021","format":false,"excerpt":"The dollar was selling at Rs154.10 at the inter-bank, which is nearly a two-year low. The last time dollar was selling below this level was on June 14, 2019. \u201cThe market sentiments are that that the dollar will further shred its value more,\u201d said Zafar Paracha, Secretary Exchange Companies Association\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Dollar-slides-to-its-lowest-level-in-almost-two-years-rapidnews-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/03\/Dollar-slides-to-its-lowest-level-in-almost-two-years-rapidnews-dailyrapid.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":10769,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/17\/rupee-weakens-against-us-dollar\/","url_meta":{"origin":8680,"position":4},"title":"Rupee weakens against US dollar","date":"May 17, 2021","format":false,"excerpt":"KARACHI: The Pakistani rupee depreciated 32 paisas against the United States (US) dollar at the start of week\u2019s trading in the interbank market on Monday. According to the State Bank of Pakistan (SBP), the local unit closed at Rs152.62 against the greenback, registering depreciation of 32 paisas over the previous\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"pakistani-rupee-weakens-against-the-us-dollar-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/pakistani-rupee-weakens-against-the-us-dollar-rapidnews-e1621256191542.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":10214,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/06\/us-dollar-falls-below-rs153-against-rupee\/","url_meta":{"origin":8680,"position":5},"title":"US dollar falls below Rs153 against rupee","date":"May 6, 2021","format":false,"excerpt":"KARACHI: The Pakistani rupee appreciated 44 paisas against the United States (US) dollar in the interbank currency market on Thursday. According to the State Bank of Pakistan (SBP), the local currency closed at Rs152.60 against the greenback, registering appreciation of 44 paisas (0.29%) over the previous close of Rs153.04. Interbank\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"US-dollar-falls-below-Rs153-against-rupee-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/US-dollar-falls-below-Rs153-against-rupee-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/8680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=8680"}],"version-history":[{"count":2,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/8680\/revisions"}],"predecessor-version":[{"id":8689,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/8680\/revisions\/8689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/8686"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=8680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=8680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=8680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}