{"id":53482,"date":"2019-07-11T17:49:32","date_gmt":"2019-07-11T12:49:32","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53482"},"modified":"2019-07-16T16:22:05","modified_gmt":"2019-07-16T11:22:05","slug":"foreign-remittances-exceed-fy2018-19-target-3","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/foreign-remittances-exceed-fy2018-19-target-3.html","title":{"rendered":"Foreign remittances exceed FY2018-19 target by 3%"},"content":{"rendered":"<p>Karachi: According to news reports, Pakistan received a total of $21.84 billion in foreign remittance during FY2018-19 \u2013 3% more than the set target of $21.2 billion for the said fiscal year. The surplus amount totalled at around $640 million, while the inflow was found to be 10% higher than that of the previous year (2017-2018) \u2013 which amounted to $19.91 billion.<\/p>\n<p><strong>Raed:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-to-establish-facilitation-desk-for-foreign-exchange-remittances.html\" target=\"_blank\" rel=\"noopener noreferrer\">SBP to establish facilitation desk for foreign exchange, remittances<\/a><\/p>\n<p>An official of a state-owned bank informed that the depreciation of the Pakistan rupee to the \u2018PKR 160 &#8211; USD 1\u2019 mark seen during the previous year had increased the value of foreign currency being sent into the country.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/incentives-proposed-to-attract-remittances.html\" target=\"_blank\" rel=\"noopener noreferrer\">Incentives proposed to attract remittances<\/a><\/p>\n<p>Higher job opportunities along with better economic conditions in developing (predominantly western) countries, such as the UK and the USA, are reported to have contributed to this increase. Furthermore, the cessation of the financial crisis in oil producing countries in the Gulf also led to this dollar-rupee parity escalation, owing to the fact that a large number of <a href=\"https:\/\/www.zameen.com\/news\/foreign-exchange-remittance-card-created-overseas-pakistanis.html\" target=\"_blank\" rel=\"noopener noreferrer\">overseas Pakistanis<\/a> reside in this region<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: According to news reports, Pakistan received a total of $21.84 billion in foreign remittance during FY2018-19 \u2013 3% more than the set target of $21.2 billion for the said fiscal year. The surplus amount totalled at around $640 million, while the inflow was found to be 10% higher than that of the previous year (2017-2018) \u2013 which amounted to $19.91 billion. Raed:\u00a0SBP to establish facilitation desk for foreign exchange, remittances An official of a state-owned bank informed that the depreciation of the Pakistan rupee to the \u2018PKR 160 &#8211; USD 1\u2019 mark seen during the previous year had increased the value of foreign currency being sent into the country. Read:\u00a0Incentives proposed to attract remittances Higher job opportunities along with better economic conditions in developing (predominantly western) countries, such as the UK and the USA, are reported to have contributed to this increase. Furthermore, the cessation of the financial crisis in oil producing countries in the Gulf also led to this dollar-rupee parity escalation, owing to the fact that a large number of overseas Pakistanis reside in this region<\/p>\n","protected":false},"author":18,"featured_media":42102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12207],"persona":[],"class_list":{"0":"post-53482","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-foreign-remittances-exceed-fy2018-19-target-by-3"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foreign remittances exceed FY2018-19 target by 3% - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: According to news reports, Pakistan received a total of $21.84 billion in foreign remittance during FY2018-19 \u2013 3% more than the set target of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/foreign-remittances-exceed-fy2018-19-target-3.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign remittances exceed FY2018-19 target by 3% - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: According to news reports, Pakistan received a total of $21.84 billion in foreign remittance during FY2018-19 \u2013 3% more than the set target of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/foreign-remittances-exceed-fy2018-19-target-3.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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