Remittances
Pakistan Banks Explore Cheaper Remittance Services for Overseas Pakistanis
Pakistani banks are exploring affordable international money transfer services to attract overseas Pakistanis, reduce dependence on foreign remittance companies, and retain a larger share of…
Saudi Arabia and UAE Send $1.65 Billion in Remittances to Pakistan
Pakistan received $1.65 billion in workers’ remittances from Saudi Arabia and the United Arab Emirates (UAE) in September 2026, accounting for around 46% of the…
Pasban Remittance Rewards Scheme Launched to Encourage Formal Remittances
A new industry-wide rewards scheme has been launched to encourage overseas Pakistanis to send home remittances through formal banking channels, giving eligible beneficiaries in Pakistan…
SBP Holds Interest Rate at 11.5 Percent as Middle East Conflict Clouds Outlook
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has kept the policy rate unchanged at 11.5 percent, a decision reached by…
Pakistan’s Remittances Rise 17% to $3.66 Billion in August 2026
Pakistan received $3.66 billion in workers’ remittances in August 2026, marking a 17 percent increase compared with $3.14 billion recorded in August 2025, according to…
Gulf War Blamed as Overseas Jobs for Pakistanis Plunge Sharply
The number of Pakistanis traveling abroad for employment has fallen sharply this fiscal year, with only 381,000 workers departing in the first eight months, an…
Pakistan Remittances Rise 4.5% to $3.63 Billion in July 2026
Pakistan received $3.63 billion in workers’ remittances in July 2026, marking a 13% year-on-year increase and a 4.5% rise compared with June, according to data released by the State…
20 Percent Drop in Overseas Workers Over High Costs Puts Remittance Goals at Risk
The number of Pakistanis leaving the country for overseas employment has fallen by 20 percent over the past six months, raising concerns about the future…
SBP Ends Reward Points for Overseas Remittance Senders
The State Bank of Pakistan (SBP) has decided to discontinue the Sohni Dharti Remittance Programme (SDRP), the incentive scheme that rewarded overseas Pakistanis for sending…
Banks to Cover Remittance Transfer Costs as SBP Ends Incentive
The State Bank of Pakistan (SBP) has discontinued the Telegraphic Transfer Charges Incentive Scheme (TTCIS), which reimbursed banks for charges on remittances of workers, effective…
Pakistan Finance Minister Highlights Remittances as Key to Economic Stability
Finance Minister Muhammad Aurangzeb has emphasized the critical role of overseas Pakistanis in supporting the country’s economic stability, urging continued remittances and investment inflows through…
Social Media Influencer Regrets Bringing USD to Pakistan Through Bank Alfalah
An overseas Pakistani has raised concerns about difficulties in bringing US dollars into Pakistan, describing the banking process as complicated and frustrating. The post has…
War Impact Reduces Pakistan Remittances to $3.8B in March 2026
Pakistan received $3.831 billion in remittances from overseas workers in March 2026, reflecting a 5% year-on-year (YoY) decline from $4.054 billion in March 2025. On a month-on-month (MoM) basis,…
