By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    PM Shehbaz welcomes establishment of Mashreq Digital Bank
    September 16, 2025
    US issues fresh Iran-related sanctions
    September 16, 2025
    Pakistan enters experiment phase of digital currency
    September 12, 2025
    Apple delays iPhone Air release in China due to pending eSIM approval
    September 12, 2025
    Pakistan to issue $1bn in Panda bonds through Chinese capital market
    September 11, 2025
  • Politics
    PoliticsShow More
    Four arrested after Trump, Epstein images projected onto Britain’s Windsor Castle
    September 17, 2025
    Trump gets royal treatment on UK state visit
    September 17, 2025
    IHC bars Justice Jahangiri from judicial work
    September 17, 2025
    Imran Khan refuses to name who runs his social-media accounts, says ‘they would be kidnapped’
    September 17, 2025
    PM Shehbaz Sharif reaches Saudi Arabia on official visit
    September 17, 2025
  • Technology
    TechnologyShow More
    Apple’s iOS 26 introduces a temporary issue along with liquid glass magic.
    September 16, 2025
    Meta to debut costlier smart glasses with display
    September 16, 2025
    YouTube introduces new AI tools for Shorts creators
    September 16, 2025
    Dubai Airport begins installing AI-powered 3D scanners
    September 16, 2025
    Apple’s live translation feature for AirPods unavailable in EU at launch
    September 11, 2025
  • Sports
    SportsShow More
    Saim and Farhan leave as Pakistan loses early wickets in the 2025 Asia Cup
    September 17, 2025
    Who is the favorite in India, Andy Pycroft? The former head of the PCB makes enlightening remarks
    September 17, 2025
    Pro Hockey League 2025-26: Pakistan to open campaign in Argentina in Dec
    September 16, 2025
    Afghanistan pacer Naveenul Haq out of Asia Cup
    September 16, 2025
    ICC rejects PCB’s demand to remove match referee Pycroft
    September 16, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Remittances surge by 44% in first two months of FY 2024-25: SBP
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > Remittances surge by 44% in first two months of FY 2024-25: SBP
BusinessPakistan

Remittances surge by 44% in first two months of FY 2024-25: SBP

SIFC support and government crackdown on illegal channels contribute to growth

Last updated: 2024/09/16 at 5:55 PM
Published September 16, 2024
Share
1 Min Read
SHARE

Data from the State Bank of Pakistan shows that during the first two months of the fiscal year 2024–25, remittances to Pakistan increased significantly by 44%. $5.94 billion was brought in, compared to $4.12 billion at the same time previous year.

Saudi Arabia ($713.1 million), the United Arab Emirates ($538.4 million), the United Kingdom ($474.8 million), and the United States ($322.4 million) made significant donations in August 2024.

These nations’ growth rates were noteworthy: in comparison to the prior year, the UAE increased by 84%, Saudi Arabia by 51%, the UK by 44%, and the US by 23.5%.

Experts link this increase to the government’s campaign against illicit money transfer schemes such as dollar and hundi smuggling. This measure has contributed to stabilization.

You Might Also Like

Saim and Farhan leave as Pakistan loses early wickets in the 2025 Asia Cup

Who is the favorite in India, Andy Pycroft? The former head of the PCB makes enlightening remarks

IHC bars Justice Jahangiri from judicial work

Imran Khan refuses to name who runs his social-media accounts, says ‘they would be kidnapped’

Pakistan joins global call for security of Global Sumud Flotilla following attacks

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 16, 2024 September 16, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Shaheed Watan Nawabzada Mir Siraj Khan Raisani  football tournament underway in Ziarat
Next Article IOK sees increased security ahead of elections
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Saim and Farhan leave as Pakistan loses early wickets in the 2025 Asia Cup
Pakistan Sports September 17, 2025
Who is the favorite in India, Andy Pycroft? The former head of the PCB makes enlightening remarks
Pakistan Sports September 17, 2025
Prosecutors to seek death penalty for Charlie Kirk’s accused assassin
Crime and Juistice United States September 17, 2025
Under US pressure, Syria and Israel inch towards security deal
United States War September 17, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?