{"id":1401,"date":"2020-11-12T08:05:06","date_gmt":"2020-11-12T08:05:06","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=1401"},"modified":"2020-11-12T08:05:08","modified_gmt":"2020-11-12T08:05:08","slug":"workers-remittances-up-14-1-to-2-3bln-in-october-witness-26-4-growth-in-4-months","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/workers-remittances-up-14-1-to-2-3bln-in-october-witness-26-4-growth-in-4-months\/","title":{"rendered":"Workers\u2019 remittances up 14.1% to $2.3bln in October, witness 26.4% growth in 4 months"},"content":{"rendered":"\n<p>ISLAMABAD,  :The Workers\u2019 remittances mounted to $ 2.3 billion during October 2020, showing an increase of 14.1 percent during the month under review when compared to October 2019.<\/p>\n\n\n\n<p>This is for the fifth consecutive month that workers\u2019 remittances remained above $2.0 billion for in October 2020, according to latest figures released by the State Bank of Pakistan (SBP) on Thursday<\/p>\n\n\n\n<p>A large part of year-on-year increase in October 2020 was sourced from Saudi Arabia (30 percent), United States (16 percent) and United Kingdom (14.6 percent).<\/p>\n\n\n\n<p>Improvements in Pakistan\u2019s FX market structure and its dynamics, efforts under the Pakistan Remittances Initiative (PRI) to formalize the flows and limited cross-border travelling contributed to the growth in remittances, the SBP added.<\/p>\n\n\n\n<p>Meanwhile, during the first four month (July-October) of the current fiscal year (2020-21), the workers\u2019 remittances increased to $9.4 billion, recording a growth of 26.5 percent over the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, :The Workers\u2019 remittances mounted to $ 2.3 billion during October 2020, showing an increase of 14.1 percent during the month under review when compared to October 2019. This is for the fifth consecutive month that workers\u2019 remittances remained above $2.0 billion for in October [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":1402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[485,747,746],"class_list":["post-1401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news","tag-growth","tag-witness","tag-workers-remittances"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Workers\u2019 remittances up 14.1% to $2.3bln in October, witness 26.4% growth in 4 months - Pakistan News International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/latest-business-news\/workers-remittances-up-14-1-to-2-3bln-in-october-witness-26-4-growth-in-4-months\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Workers\u2019 remittances up 14.1% to $2.3bln in October, witness 26.4% growth in 4 months - Pakistan News International\" \/>\n<meta name=\"twitter:description\" content=\"ISLAMABAD, :The Workers\u2019 remittances mounted to $ 2.3 billion during October 2020, showing an increase of 14.1 percent during the month under review when compared to October 2019. 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