{"id":65380,"date":"2020-05-12T15:48:12","date_gmt":"2020-05-12T10:48:12","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65380"},"modified":"2020-05-12T15:48:13","modified_gmt":"2020-05-12T10:48:13","slug":"remittance-levels-reach-usd-1-79bn-april","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/remittance-levels-reach-usd-1-79bn-april.html","title":{"rendered":"Remittance levels reach USD 1.79bn in April"},"content":{"rendered":"\n<p>Karachi: Remittance levels in April were seen to rise by USD 20 million to reach USD 1.79 billion, as compared to figures reported for the same month of 2019 where the total stood at PKR 1.77 billion, a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-to-abolish-wht-on-remittances-in-fy-2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt to abolish WHT on remittances in FY2020-21<\/a><\/p>\n\n\n\n<p>A number of economists had earlier predict that the numbers may decline given the impact of the ongoing coronavirus pandemic.<\/p>\n\n\n\n<p>These remittances are expected to help rupee rise as against USD dollar. Overseas Pakistanis in United States and Saudi Arabia were the highest contributors to the remittances. One reason for the rise in remittances is that expatriates send more funds during Ramzan and their families also require more funds to cope with the impact of coronavirus.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-raises-fees-remittances-exchange-banks.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP raises fees on remittances for exchanges, banks<\/a><\/p>\n\n\n\n<p>The first 10 months of the current fiscal year also witnessed a growth of about 5.51% with remittances reaching USD 18.78 billion for the said period as against USD 17.80 billion for the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Remittance levels in April were seen to rise by USD 20 million to reach USD 1.79 billion, as compared to figures reported for the same month of 2019 where the total stood at PKR 1.77 billion, a news source reported. Read: Govt to abolish WHT on remittances in FY2020-21 A number of economists had earlier predict that the numbers may decline given the impact of the ongoing coronavirus pandemic. These remittances are expected to help rupee rise as against USD dollar. Overseas Pakistanis in United States and Saudi Arabia were the highest contributors to the remittances. One reason for the rise in remittances is that expatriates send more funds during Ramzan and their families also require more funds to cope with the impact of coronavirus. Read: SBP raises fees on remittances for exchanges, banks The first 10 months of the current fiscal year also witnessed a growth of about 5.51% with remittances reaching USD 18.78 billion for the said period as against USD 17.80 billion for the same period last year.<\/p>\n","protected":false},"author":57,"featured_media":65384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[28903],"persona":[],"class_list":{"0":"post-65380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-remittance-levels-reach-usd-1-79bn-in-april","9":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Remittance levels reach USD 1.79bn in April - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Remittance levels in April were seen to rise by USD 20 million to reach USD 1.79 billion, as compared to figures reported for the same month of 2019 where the total stood at PKR 1.77 billion, a news source reported.\" \/>\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\/remittance-levels-reach-usd-1-79bn-april.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remittance levels reach USD 1.79bn in April - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Remittance levels in April were seen to rise by USD 20 million to reach USD 1.79 billion, as compared to figures reported for the same month of 2019 where the total stood at PKR 1.77 billion, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/remittance-levels-reach-usd-1-79bn-april.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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