Arab Today, arab today remittances by osps increase 23 in 8 months
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Remittances by OSPs increase 23% in 8 months

Arab Today, arab today

Arab Today, arab today Remittances by OSPs increase 23% in 8 months

Karachi - Arabstoday

Remittances sent by Overseas Pakistanis (OSPs) surged by 23 per cent in the first eight months of the current fiscal year. The Gulf States appeared to be the real booster of this flow of much needed foreign exchange to Pakistan which accounted for 60 per cent of the entire remittances. The State Bank reported on Saturday that the country received a total of $8.592 billion during this period which was 23 per cent ($1.629) higher than the eight months of the previous fiscal year. The ever-increasing remittances being sent by the overseas Pakistanis are working miracles with economy, and helping the country remain within a manageable size of the current account deficit. While the external fronts of the economy awaiting serious consequences of halt of foreign inflows from IMF and other donors, the rising petroleum prices is eating up the already falling foreign exchange reserves of the country. Remittances from Arab countries are rising and accounted for 60.5 per cent of the entire remittances. A total of $5.197 billion were received from Saudi Arabia, UAE and GCC states during this period, up by $1.187 billion compared to eight months of previous year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today remittances by osps increase 23 in 8 months Arab Today, arab today remittances by osps increase 23 in 8 months

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today remittances by osps increase 23 in 8 months Arab Today, arab today remittances by osps increase 23 in 8 months

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday