{"id":61401,"date":"2020-02-14T10:00:00","date_gmt":"2020-02-14T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61401"},"modified":"2020-02-14T10:35:43","modified_gmt":"2020-02-14T05:35:43","slug":"workers-remittances-record-soaring-9-3-increase-in-january","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/workers-remittances-record-soaring-9-3-increase-in-january.html","title":{"rendered":"Workers remittances record soaring 9.3% increase in January"},"content":{"rendered":"\n<p>Islamabad: The\nState Bank of Pakistan (SBP) on Wednesday published a press release indicating that the remittances\nsent by the Pakistani\ndiaspora working abroad had increased by 9.3 percent during January \u2014 when\ncontrasted with the amount of remittances recorded for the same month last year,\naccording to news sources. <\/p>\n\n\n\n<p>The bank announced that the remittances had surged by US$163.2 million to reach a new figure of $1.91 billion in January 2020; up from the $1.744 billion value recorded during January 2019.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-increases-remittance-limit-freelancers-working-foreign-firms.html\">SBP increases remittance limit for freelancers working with foreign firms<\/a><\/p>\n\n\n\n<p>During this\nthe last month, Workers&#8217;\nRemittances received from certain countries were recorded to be higher than\nusual. These states included Saudi\nArabia ($ 433.4 million), UAE ($395.5 million), USA ($335.1 million) and the UK ($299.1 million).<\/p>\n\n\n\n<p>According to sources, the growth in foreign remittances that increased to $11.4 billion during the July-December period of FY 2020 is likely to continue for the rest of the year. This is due to a number of government policies that may assist in achieving the target of $24 billion set for this year. &nbsp;<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/govt-facilitate-banks-increasing-remittances.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Govt to facilitate banks for increasing remittances (opens in a new tab)\">Govt to facilitate banks for increasing remittances<\/a><\/p>\n\n\n\n<p>Due to this\nincreasing trend in remittances, the target of $24 billion at the end of FY2020\nis likely to be achieved;\nas the data over the last\nfive years indicates that the workers remitted more in the last six months as compared to the first\nsix months of the fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The State Bank of Pakistan (SBP) on Wednesday published a press release indicating that the remittances sent by the Pakistani diaspora working abroad had increased by 9.3 percent during January \u2014 when contrasted with the amount of remittances recorded for the same month last year, according to news sources. The bank announced that the remittances had surged by US$163.2 million to reach a new figure of $1.91 billion in January 2020; up from the $1.744 billion value recorded during January 2019. Read: SBP increases remittance limit for freelancers working with foreign firms During this the last month, Workers&#8217; Remittances received from certain countries were recorded to be higher than usual. These states included Saudi Arabia ($ 433.4 million), UAE ($395.5 million), USA ($335.1 million) and the UK ($299.1 million). According to sources, the growth in foreign remittances that increased to $11.4 billion during the July-December period of FY 2020 is likely to continue for the rest of the year. This is due to a number of government policies that may assist in achieving the target of $24 billion set for this year. &nbsp; Read: Govt to facilitate banks for increasing remittances Due to this increasing trend in remittances, the&hellip;<\/p>\n","protected":false},"author":77,"featured_media":42102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[4579,2631],"persona":[],"class_list":{"0":"post-61401","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-remittances","8":"tag-state-bank-of-pakistan"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Workers&#039; remittances soar by 9.3% in Jan 2020 - Zameen News<\/title>\n<meta name=\"description\" content=\"The State Bank of Pakistan (SBP) on Wednesday published a press release indicating that the remittances sent by the Pakistani diaspora\" \/>\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\/workers-remittances-record-soaring-9-3-increase-in-january.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Workers&#039; remittances soar by 9.3% in Jan 2020 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The State Bank of Pakistan (SBP) on Wednesday published a press release indicating that the remittances sent by the Pakistani diaspora\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/workers-remittances-record-soaring-9-3-increase-in-january.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-14T05:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-14T05:35:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2018\/09\/remittance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gohar Aslam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gohar Aslam\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Workers' remittances soar by 9.3% in Jan 2020 - Zameen News","description":"The State Bank of Pakistan (SBP) on Wednesday published a press release indicating that the remittances sent by the Pakistani diaspora","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/workers-remittances-record-soaring-9-3-increase-in-january.html","og_locale":"en_US","og_type":"article","og_title":"Workers' remittances soar by 9.3% in Jan 2020 - Zameen News","og_description":"The State Bank of Pakistan (SBP) on Wednesday published a press release indicating that the remittances sent by the Pakistani diaspora","og_url":"https:\/\/www.zameen.com\/news\/workers-remittances-record-soaring-9-3-increase-in-january.html","og_site_name":"Pakistan Real Estate News &amp; 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