{"id":49278,"date":"2019-02-14T17:39:05","date_gmt":"2019-02-14T17:39:05","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=49278"},"modified":"2020-01-27T07:58:50","modified_gmt":"2020-01-27T07:58:50","slug":"remittances-record-12-rise-in-seven-months","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/remittances-record-12-rise-in-seven-months.html","title":{"rendered":"Remittances record 12% rise in seven months"},"content":{"rendered":"<p>Karachi: Remittances from overseas Pakistanis recorded an increase of 12% in the last seven months, a news source reported. Reportedly, this hike comes as a result of the efforts undertaken by the government to encourage higher remittance inflows from the said group.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/online-banking-facility-suggested-for-overseas-pakistanis.html\" target=\"_blank\" rel=\"noopener noreferrer\">Online banking facility suggested for overseas Pakistanis<\/a><\/p>\n<p>Recent reports indicate an uptrend from different parts of the world.<\/p>\n<p>Following the 12% increase, the remittance count has reached up to $12.7 billion. The figure was recorded at $11.38 billion during the same time period last year.<\/p>\n<p>To encourage remittances, the government depreciated the rupee by 32% against the US Dollar in the last 14 months &#8211; in the inter-bank market.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/resolve-the-issues-of-overseas-pakistanis-on-priority-basis-deputy-commissioner.html\" target=\"_blank\" rel=\"noopener noreferrer\">Resolve overseas Pakistanis&#8217; issues on priority basis: FSD DC<\/a><\/p>\n<p>This measure, as per the executive, was aimed at boosting exports and reducing imports. It is expected to cut down the current account deficit, while increasing worker remittances.<\/p>\n<p>The government has also increased the incentive to PKR 2, on the receipt of each dollar received in remittances as airtime.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Remittances from overseas Pakistanis recorded an increase of 12% in the last seven months, a news source reported. Reportedly, this hike comes as a result of the efforts undertaken by the government to encourage higher remittance inflows from the said group. Read:\u00a0Online banking facility suggested for overseas Pakistanis Recent reports indicate an uptrend from different parts of the world. Following the 12% increase, the remittance count has reached up to $12.7 billion. The figure was recorded at $11.38 billion during the same time period last year. To encourage remittances, the government depreciated the rupee by 32% against the US Dollar in the last 14 months &#8211; in the inter-bank market. Read:\u00a0Resolve overseas Pakistanis&#8217; issues on priority basis: FSD DC This measure, as per the executive, was aimed at boosting exports and reducing imports. It is expected to cut down the current account deficit, while increasing worker remittances. The government has also increased the incentive to PKR 2, on the receipt of each dollar received in remittances as airtime.<\/p>\n","protected":false},"author":68,"featured_media":45749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10491],"persona":[],"class_list":{"0":"post-49278","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-remittances-record-12-rise-in-seven-months"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Remittances record 12% rise in seven months - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Remittances from overseas Pakistanis recorded an increase of 12% in the last seven months, a news source reported. 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