remittances News

Exchange sector gains ground in Pakistan's remittance market

Foreign exchange companies played a growing role in Pakistan’s remittance inflows in FY25, contributing an estimated $5 billion, including $450 million in June alone

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Workers’ remittances rise to $3.7bn in May

Pakistan’s workers’ remittances reached $3.68 billion in May 2025, according to data released by the State Bank of Pakistan (SBP) today...

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Workers’ remittances fall to $3bn in April

Pakistan’s workers’ remittances reached around $3.2 billion in April 2025

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Govt cracks down on illegal remittance channels, says Finance Minister

Regarding the steps taken by the government regarding remittances, a crackdown has been done on the two numbers that are being done, including transactions...

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Pakistan’s remittances to cross $36bn this year, says Khurram Schehzad

Pakistan's remittances may easily surpass $36 billion this year—a historic milestone in the country's history, both in absolute terms and as a percentage of...

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Remittances to LMICs are expected to reach $685bn

Remittances to low- and middle-income countries (LMICs) are expected to reach an impressive $685 billion in 2024...

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Worker remittances jump 29% to $2.92bn in Nov

Workers' remittances have increased by 29.08% in November to $2.915 billion, compared to $2.259bn in the same month of last year...

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Worker remittances jump 23.9% to $3.05bn in Oct

Workers' remittances have increased by 23.91% in October to $3.052 billion, compared to $2.463bn in the same month of last year, the latest data issued...

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SBP offers up to Rs6 per USD to ECs on remittances

To incentivize ECs in enhancing their home remittance mobilization efforts, the central bank has decided to offer payments of up to PKR 4 per USD...

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SBP introduces reimbursement scheme to boost remittance inflows

To further incentivize the ADs and MFBs to maximize their efforts for increasing remittance inflows, the State Bank of Pakistan (SBP) has decided to fix...

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Crypto: New lifeline for remittance-dependent nations

Workers’ remittances are one of the major sources of foreign exchange earnings for many developing countries and are a lifeline for their development...

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Workers’ remittances rise 40.5% to $2.94bn in August

Workers' remittances have increased by 40.5% in August to $2.94 billion, compared to $2.09bn in the same month of last year...

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Remittances targeted to reach $60bn by end of 2034

Under the Prime Minister's economic plan, the government has set an ambitious target to increase remittances to $60 billion by the end of 2024...

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Pakistan launches Buna-Raast project to streamline migrant remittances

Pakistan’s government has launched the Buna-Rast connectivity project, which will enable migrants to transfer funds transparently and efficiently using...

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Remittance rush can't hide export woes

Pakistan’s diaspora, dispersed across the globe, rallied in support of their cash-strapped homeland...

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Workers' remittances rise 10.7% to $30.25bn in FY24

Workers' remittances have increased by 10.68% to $30.25 billion in fiscal year 2023-24 as compared to $27.33bn worth of inflows received in FY23...

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Remittance flows to Pakistan expected to recover: World Bank

Remittance flows to Pakistan are forecasted to recover and grow at about 7% to reach $28 billion in 2024 and increase at 4% to about $30bn in 2025...

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Pakistani envoy urges use of legal channels for remittances from UAE

Ambassador Faisal Niaz Tirmizi, Pakistan’s Envoy to United Arab Emirates (UAE) highlighted the scope of digitising financial transactions...

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Workers’ remittances rise 27.9% YoY to $2.81bn in April

Workers' remittances have increased by 27.9% YoY in April to $2.81 billion, compared to $2.2bn in the same month of last year...

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Workers’ remittances fall by 6.2% MoM to $2.25bn in February

Workers' remittances have decreased by 6.18% MoM in February to $2.25 billion, compared to $2.4bn in the previous month...

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Overseas Pakistanis are country’s asset, says minister

Overseas Pakistanis are a valuable asset of the country, and the government remains committed to supporting its overseas communities...

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Remittances up 26% YoY in January - are USD finally pouring?

Any economic good news after the recent elections is welcome. Pakistan's January's remittances flow has seen a handsome growth of 26% to clock in at $2.4...

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Workers’ remittances rises by 26% YoY to $2.4bn in January

Workers' remittances have increased by 26.16% YoY in January to $2.4 billion, compared to $1.9bn in the same month last year...

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Workers' remittances rises by 5.4% MoM to $2.38bn in December

Workers' remittances have increased by 5.44% MoM in December to $2.38 billion, compared to $2.26bn in the previous month...

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Workers’ remittances drop 8.6% MoM to $2.25bn in November

Workers' remittances have dropped by 8.63% MoM in November to $2.25 billion, compared to $2.46bn in the previous month...

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Current account deficit worsens by 61% MoM to $74m in October

The current account deficit for October 2023 widened significantly by 60.87% MoM to stand at $74 million compared to the deficit of $46m in September 2023...

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Good News: Remittances (finally) grow 10% YoY in October

Greenback is a rare commodity in Pakistan for people and the government. Thus when tough actions - administrative controls...

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Workers’ remittances rises by 11.5% MoM to $2.46bn in October

Workers' remittances have increased by 11.54% MoM in October to $2.46 billion, compared to $2.21bn in the previous month...

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Workers’ remittances rises by 5.34% MoM to $2.21bn in September

Workers' remittances have increased by 5.34% YoY in September to $2.21 billion, compared to $2.09bn in the previous month...

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Weekly SCRA records net purchase of Rs194m

The gross sale of securities during the week was recorded at Rs2bn billion, which is around 77.82% lower than the figures recorded last week...

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SBP expands SDRP with new Diamond category

A new 'Diamond' category has been added in addition to the existing three categories in the Sohni Dharti Remittance Program (SDRP), namely...

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Incentives for Banks to grow remittances - can they?

Remittances decline of $4 billion last year was a much bigger disappointment than perpetually low export growth...

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Govt modifies remittance scheme to boost formal flows

In order to encourage domestic financial institutions (FIs) to enhance their marketing efforts for mobilizing home remittances though formal channels...

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Reimbursement of TT charges rate for home remittance transactions increased to SAR 30

The reimbursement of TT charges rate for eligible home remittance transactions has been increased to SAR 30 from SAR 20...

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SBP to discontinue airtime incentive for USD remittances

The incentive of airtime equivalent to Rs2 per USD allowed by the Government of Pakistan will no longer be available or valid after thirty days...

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Workers’ remittances drops by 23.74% YoY to $2.1bn in August

Workers' remittances have decreased by 23.74% YoY in August to $2.09 billion, compared to $2.74bn in the same month of last year...

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Pre-Departure Briefing Program launched to educate outgoing workers on remittances

New Pre-Departure Briefing Program to educate outgoing workers on formal channels for sending remittances was jointly launched...

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ECC approves changes in SBP schemes to boost remittances

The Economic Coordination Committee (ECC) of the Cabinet approved changes in six incentive schemes of the State Bank of Pakistan (SBP) aimed at enhancing...

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Remittances shield Pakistan from Trade Deficit in FY23

During times of the political and macroeconomic challenges posed in Pakistan, Pakistanis abroad did not disremember their native land and continued to send...

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Workers’ remittances drops by 13.6% to $27bn in FY23

Workers' remittances have decreased by 13.6% YoY in FY23 to $27.02 billion, compared to $31.27bn in FY22...

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Workers’ remittances drop to $2.1bn in May

Workers' remittances for the month of May registered a decrease of 4.4% MoM to $2.1 billion, compared to $2.196bn in April 2023, data issued by SBP revealed tod

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Workers' remittances increase to $2.5bn in March

Workers' remittances for the month of February registered an increase to 27.41% MoM $2.5 billion, compared to $1.98bn in February 2023...

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Exchange companies get Re1 incentive for each USD surrender in interbank market

Exchange companies get PKR1 for each USD surrender in interbank market

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Weekly Economic Roundup

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Workers' remittances rise to $15.8bn in 1HFY22

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Remittances decline by 6.6% MoM in November

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Remittances jump 10% to $2.5bn

Workers' remittances surged to $2.5bn in October

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Weekly Economic Roundup

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Workers’ remittances surge by 17% YoY in Sept’21

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Sept YoY inflation may end up between 7.5%-8.4%: MoF

Sept YoY inflation may end up between 7.5% to 8.4%: MoF

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FBR allows tax-exempted remittances through int'l exchange companies

FBR allows tax-exempted remittances through intl exchange companies

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Workers' remittances jump by 27% YoY in Aug'21

Workers remittances jump by 27 YoY in Aug21

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Weekly Economic Roundup

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Weekly Economic Roundup

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Remittances rise to a historic annual high of $29.4 billion in FY21

Remittances rise to a historic annual high of 29.4 billion in FY21

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Foreign investors appreciate SBP FX Remittance Process: OICCI survey

Foreign investors appreciate SBP FX Remittance Process OICCI survey

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Workers' remittances reach above $2bn in May

Workers remittances reach above 2bn in May

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Remittances- key driver of Pakistans economy

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Workers’ Remittances rise to an all-time high of USD 2.8bn in April

Workers Remittances rise to an all-time high of USD 2.8bn in April

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PM calls for enhancing foreign remittances

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Remittances jump by 24.2% YoY to USD 2.26 bln in February'21

Worker Remittances jump by 24.2 YoY to USD 2.26 bln in February21

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Increased workers’ remittances are credit positive for Pakistani banks, particularly UBL

Increased workers remittances are credit positive for Pakistani banks, particularly UBL

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Are remittance flows another casualty of COVID-19?

Are remittance flows another casualty of COVID-19

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Remittances Uptrend Remains Intact

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Remittances to Pakistan rises to yet another record as use of formal channels increases

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Pakistan’s External economy remains in limbo as major trading partners hit hard by COVID outbreak

Pakistans External economy remains in limbo as major trading partners hit hard by COVID outbreak

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Pakistan could lose around 27% of its international remittances in 2020, says ADB

Pakistan could lose around 27 of its international remittances in 2020, says ADB

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Oil’s collapse and COVID-19 might choke flow of remittances to Pakistan

Oils collapse and COVID-19 might choke flow of remittances to Pakistan

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PM directs Finance Advisor, SBP Governor to finalize the concessional package on remittances

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Pakistan Post receives foreign remittance amounting to $30.860 mln

Pakistan Post receives foreign remittance amounting to 30.860 mln

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IT, ITeS export remittances surge to 23.42% in 10 months

IT, ITeS export remittances surge to 23.42 in 10 months

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Overseas Pakistani remit USD 18,781.62 Million during July-April FY20

State Bank of Pakistan released Overseas worker remittances figures for April 2020\n

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Global remittances expected to fall sharply by 20% in 2020

Global remittances expected to fall sharply by 20 in 2020

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SBP offers incentives to mitigate the risk of drop in workers’ remittances

SBP offers incentives to mitigate the risk of drop in workers remittances

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Inflow of Remittances sustains in March but decline in future seems certain

Growth in Remittances sustains in March but decline in future seems certain

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ECC approves measures to boost remittances through formal channels

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Weekly Economic Roundup

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Worldwide CEL signs home remittances agreement with NBP

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State Bank of Pakistan extends home remittance services

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Overseas Pakistanis remit USD 2.04 Billion in July 2019

State Bank of Pakistan released Overseas worker remittances figures for July 2019

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SCRA observes net purchase for the third consecutive week

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Overseas Pakistani remit USD 21.841 Billion in FY19

State Bank of Pakistan released Overseas worker remittances figures for June 2019

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Worker's remittance shoots up by 30% in May'19

State Bank of Pakistan released Overseas worker remittances figures for May 2019

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Saudi Arabia upholds position as biggest contributor of remittances

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Overseas Pakistanis remit $12.7 bln in FY19 so far

Overseas Pakistanis remit USD12.7 bln in FY19 so far

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SBP launches M-Wallet scheme to promote home remittances

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Zulfiqar Bukhari urges Pakistani expats to send money through legal channels

Zulfiqar Bukhari asks Pakistani expats to send money through legal channels

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Worker's Remittances in 1HFY19 takes a leap of 10 percent YoY: SBP

Workers Remittances in 1HFY19 takes a leap of 10 percent YoY

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Worker's remittances in FY19 surge by 12.6 percent

Workers remittances in FY19 surge by 12.6 percent

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Name	Last	High/Low	Chg/%Chg
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USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%

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Exchange sector gains ground in Pakistan's remittance market

Workers’ remittances rise to $3.7bn in May

Workers’ remittances fall to $3bn in April

Govt cracks down on illegal remittance channels, says Finance Minister

Pakistan’s remittances to cross $36bn this year, says Khurram Schehzad

Remittances to LMICs are expected to reach $685bn

Worker remittances jump 29% to $2.92bn in Nov

Worker remittances jump 23.9% to $3.05bn in Oct

SBP offers up to Rs6 per USD to ECs on remittances

SBP introduces reimbursement scheme to boost remittance inflows

Crypto: New lifeline for remittance-dependent nations

Workers’ remittances rise 40.5% to $2.94bn in August

Remittances targeted to reach $60bn by end of 2034

Pakistan launches Buna-Raast project to streamline migrant remittances

Remittance rush can't hide export woes

Workers' remittances rise 10.7% to $30.25bn in FY24

Remittance flows to Pakistan expected to recover: World Bank

Pakistani envoy urges use of legal channels for remittances from UAE

Workers’ remittances rise 27.9% YoY to $2.81bn in April

Workers’ remittances fall by 6.2% MoM to $2.25bn in February

Overseas Pakistanis are country’s asset, says minister

Remittances up 26% YoY in January - are USD finally pouring?

Workers’ remittances rises by 26% YoY to $2.4bn in January

Workers' remittances rises by 5.4% MoM to $2.38bn in December

Workers’ remittances drop 8.6% MoM to $2.25bn in November

Current account deficit worsens by 61% MoM to $74m in October

Good News: Remittances (finally) grow 10% YoY in October

Workers’ remittances rises by 11.5% MoM to $2.46bn in October

Workers’ remittances rises by 5.34% MoM to $2.21bn in September

Weekly SCRA records net purchase of Rs194m

SBP expands SDRP with new Diamond category

Incentives for Banks to grow remittances - can they?

Govt modifies remittance scheme to boost formal flows

Reimbursement of TT charges rate for home remittance transactions increased to SAR 30

SBP to discontinue airtime incentive for USD remittances

Workers’ remittances drops by 23.74% YoY to $2.1bn in August

Pre-Departure Briefing Program launched to educate outgoing workers on remittances

ECC approves changes in SBP schemes to boost remittances

Remittances shield Pakistan from Trade Deficit in FY23

Workers’ remittances drops by 13.6% to $27bn in FY23

Workers’ remittances drop to $2.1bn in May

Workers' remittances increase to $2.5bn in March

Workers’ Remittances drop by 25.4% MoM to $2.3bn in May

Weekly Economic Roundup

Remittance to cross $30bn in current fiscal year: NA told

Pakistan receives highest ever remittances of $2.8bn in March: SBP

Weekly Economic Roundup

Workers’ remittances rise to $20.1bn in 8MFY22

Weekly Economic Roundup

Workers’ remittances rise to $18bn in 7MFY22

RDA proves to be a great success among Pakistani community in KSA: Reza Baqir

Exchange companies get Re1 incentive for each USD surrender in interbank market

Weekly Economic Roundup

Workers' remittances rise to $15.8bn in 1HFY22

Remittances decline by 6.6% MoM in November

Remittances jump 10% to $2.5bn

Weekly Economic Roundup

Workers’ remittances surge by 17% YoY in Sept’21

Sept YoY inflation may end up between 7.5%-8.4%: MoF

FBR allows tax-exempted remittances through int'l exchange companies

Workers' remittances jump by 27% YoY in Aug'21

Weekly Economic Roundup

Weekly Economic Roundup

Remittances rise to a historic annual high of $29.4 billion in FY21

Foreign investors appreciate SBP FX Remittance Process: OICCI survey

Workers' remittances reach above $2bn in May

Remittances- key driver of Pakistans economy

Workers’ Remittances rise to an all-time high of USD 2.8bn in April

PM calls for enhancing foreign remittances

Remittances jump by 24.2% YoY to USD 2.26 bln in February'21

Increased workers’ remittances are credit positive for Pakistani banks, particularly UBL

Are remittance flows another casualty of COVID-19?

Remittances Uptrend Remains Intact