Remittance Inflows News Today

Overall deficit during July-December FY24 stands at $831mn compared to $3.63bn in same period of FY23

Cumulative inflow has crossed $7.2 billion by December-end

KARACHI: Inflows of workers’ remittances recorded 5.4 percent growth in December 2023 compared to November 2023, the...

Inflow 13.4% higher on yearly basis, Saudi Arabia remains biggest source of remittances in December

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EDITORIAL: Remittance inflows, a desired form of foreign exchange earnings, declined July-November 2023 to 11,044.7...

In 2023, India led global remittance inflows at USD 125 billion, driven by factors like its UAE agreement boosting bilateral trade in dirhams and rupees. The World Bank predicts a 12.4% growth, down from 24.4% in 2022. Indias share in South Asian remittances increased to 66%. Key contributors were skilled Indians in the US, UK, and Singapore, alongside higher flows from the UAE. The use of local currencies is pivotal for formalizing remittance channels. Globally, remittances grew 3.8%, but conce...

KATHMANDU, Dec 17: Amid an impressive growth in remittance inflows, the outflow under the same heading is found to have increased by 46 percent in the first four months of the current fiscal year.

KATHMANDU, Dec 15: Nepal’s balance of payments (BoP) stood at a surplus of Rs 147.11 billion in the first four months of the current fiscal year, mainly due to the soaring remittance inflows and decline in import expenses.

On yearly basis, monthly inflow up nearly 10%