Skip to content
Search

Latest Stories

Remittances to Pakistan remain above $2 billion for fourth month

REMITTANCES to Pakistan remained above $2 billion for a fourth consecutive month in September, the country's central bank said on Monday(12).

Money sent by Pakistani workers employed abroad increased to $2.3bn in September, a 31.2 per cent rise year-on-year and up 9 per cent compared to the previous month,


Remittances capping a higher than expected inflow of finances in the first quarter of FY21 for the South Asian nation, which has struggled with current account deficits and a depreciating currency.

"The level of remittances in September was slightly higher than SBP’s projections of $2 billion," the State Bank of Pakistan said in a statement, adding that first quarter figures were 31.1 per cent higher year-on-year.

Multiple factors contributed to the increase, including Pakistan's crackdown on illegal channels, said Samiullah Tariq, head of research and development at Pakistan Kuwait Investment Company.

Pakistan's ability to curb illegal financial transactions, including financing of militant and extremist groups, has been under close scrutiny from international financial watchdog the Financial Action Task Force (FATF), which meets next week in Paris to review the country's progress on key action points.

“Remittances are consistently increasing due to a combination of factors including limited physical mobility of expats to Pakistani due to Covid-19 resulting in more transfers through official channels," Tariq said.

“Covid-19 test requirement is still there for the Middle East, UK and the US, major countries from where remittances come, so people are travelling less," said Saad Hashemy, executive director BMA Capital Management.

“Despite Covid-19 more good news for our economy,” prime minister Imran Khan tweeted on Monday before the central bank released the numbers.

More For You

Dinosaur Breeding Debuts in Jurassic World Evolution 3

Jurassic World Evolution 3 builds on the popularity of its predecessors by adding new features

YouTube/ Jurassic World Evolution 3

Jurassic World Evolution 3 announced with dinosaur breeding feature and October 2025 release

Frontier Developments has officially revealed Jurassic World Evolution 3 during Summer Game Fest 2025. The third instalment of the dinosaur park management simulator will launch on 21 October 2025 across PlayStation 5, Xbox Series X|S and PC, priced at £49.99.

This latest entry introduces a key new feature, dinosaur breeding. For the first time, players can breed and care for baby dinosaurs, forming family units within their parks. The game includes over 80 dinosaur species, with 75 of them available for breeding.

Keep ReadingShow less
Resident Evil 9

Resident Evil Requiem was described as a "bold shift for the franchise

YouTube/ PlayStation

Resident Evil 9 officially announced, coming February 2026

Capcom has officially unveiled Resident Evil 9, titled Resident Evil Requiem, during Summer Game Fest 2025. The latest entry in the long-running survival horror franchise is set for release on 27 February 2026 and will be available on PC, PlayStation 5, and Xbox Series X|S.

Announced live on stage by host Geoff Keighley, Resident Evil Requiem was described as a "bold shift for the franchise both in tone and gameplay". The upcoming title will blend the series’ trademark survival horror with high-stakes cinematic action, promising a fresh experience for fans.

Keep ReadingShow less
Vijay-Mallya-Getty

In April, Mallya lost an appeal against a London high court bankruptcy order in a case involving over ₹11,101 crore (approx. £95.7 million) debt to lenders including the State Bank of India. (Photo: Getty Images)

Getty Images

Vijay Mallya says he may consider returning to India if assured fair trial

FUGITIVE tycoon Vijay Mallya has said he may consider returning to India if he is assured of a fair trial.

He spoke to Raj Shamani on a four-hour-long podcast released on Thursday.

Keep ReadingShow less
Tata Steel may 'miss out on UK-US trade deal benefits

The Tata-owned firm closed its blast furnace at Port Talbot last year. (Photo: Getty Images)

Tata Steel may 'miss out on UK-US trade deal benefits

MINISTERS are racing to prevent the country's largest steelmaker from being shut out of a new trade agreement with the US, according to reports.

Tata Steel, which operates the massive Port Talbot steelworks in Wales, could be excluded from tariff-free access to US markets under prime minister Keir Starmer's deal with president Donald Trump, reported the Guardian.

Keep ReadingShow less
Sony Music India Teams Up with BTS‑Backed THG for THG India Launch

Taylor Jones, Vinit Thakkar Kyran Jones and Sony Music India team up to launch THG India supporting Indian music globally

getty images

Sony Music India and LA-based THG announce joint venture to launch Indian music talent

Sony Music India has announced a new partnership with Los Angeles-based entertainment company The Hello Group (THG) to form a joint venture called THG India. The new company is set to focus on developing Indian music talent and providing them with global touring and management opportunities.

This is the first collaboration of its kind by Sony Music India on an international scale, and it comes at a time when Indian music is drawing growing attention worldwide. THG India will operate from Mumbai and work through The Hello Group’s international network, aiming to provide end-to-end support for artists, from management and touring to publishing and promotion.

Keep ReadingShow less