Naya Pakistan’ receives $3.9 billion in two-month remittances by overseas Pakistanis

[BHarwana]

KARACHI: The State Bank of Pakistan on Monday released the figures of remittances sent by overseas Pakistanis amounting to US $3.9 billion, showing a growth of 13.45% compared with $ 3.4 billion received during the same period in the preceding year.

According to SBP, overseas Pakistanis remitted US $3.9 billion in the first two months of fiscal year- 2018-19.


https://arynews.tv/en/naya-pakistan...two-month-remittances-by-overseas-pakistanis/

 

[Muhammad Omar]

Eid Factor is included I guess

 

[BHarwana]

Eid Factor is included I guess

The increase is being compared with previous year same months.

 

[El Sidd]

I Do Not want to create a Shitstorm.

But alot of People are bringing laundered money back halolofying it.

The governments primary task is tax Collection through lawmaking.

So far that is Non existent.

 

[Muhammad Omar]

The increase is being compared with previous year same months.

I know we had Eid ul Adha in September last year not in August

 

[UnitedPak]

I Do Not want to create a Shitstorm.

But alot of People are bringing laundered money back halolofying it.

Happens in every country. Every single one. Even the Vatican.

 

[FalconStar]

I'm big PTI supporter and want to give it to them, but this has more to do with the new law which came into force since 1st September where other countries have to share details of assets to counter money laundering.

Secondly they had a tax amnesty scheme going around till July so might be some of it came from their.

 

[baapu]

KARACHI: The State Bank of Pakistan on Monday released the figures of remittances sent by overseas Pakistanis amounting to US $3.9 billion, showing a growth of 13.45% compared with $ 3.4 billion received during the same period in the preceding year.
According to SBP, overseas Pakistanis remitted US $3.9 billion in the first two months of fiscal year- 2018-19.
https://arynews.tv/en/naya-pakistan...two-month-remittances-by-overseas-pakistanis/

The figures I believe are correct, its a continuation of the trend seen in past decades. Since 2007 the remittances have been on the rise. its the biggest source of foreign exchange I think I read somewhere.
approx $5billion is the quarterly remittances to Pakistan Since 2016 . Last and First Quarter are usual low quarters.
This trend is expected to level off in the next 3-4 years.

 

[El Sidd]

Happens in every country. Every single one. Even the Vatican.

But still man Thats not cool

 

[Samlee]

I'm big PTI supporter and want to give it to them, but this has more to do with the new law which came into force since 1st September where other countries have to share details of assets to counter money laundering.

Secondly they had a tax amnesty scheme going around till July so might be some of it came from their.

As Long As We Are Getting The Money,Whose Complaining?????