Page 39 - Remittances News Today

4.4% lower compared to the $2.19 billion recorded in April 2023

KARACHI: Inflows of workers’ remittances registered a sharp decline of 13 percent during the first 11 months of this...

As per the data released by the central bank, remittances continued its decline. The year-on-year decline in...

Islamabad: The brain drain phenomenon in Pakistan has witnessed a sharp increase, with a growing number of highly-educated professionals opting to leave

A stronger Mexican peso used to be good news for El Paso merchants, no questions asked. But times change and things get complicated.

The southern largest economic hub of Ho Chi Minh City is striving to achieve an annual growth rate of at least 10% in the inflow of remittances during the 2023-2025 period and maintains this rate in 2025-2030.

In-depth: Lebanon's economic collapse has increased the reliance on diaspora remittances, but dependency on these financial inflows reinforces social segregation and the drain of human capital, with increasing hardship for those left out.

Inflation in May is expected to be in the range of 34-36%, says Monthly Economic Update & Outlook

Indian residents can remit up to $250,000 per fiscal year under the Liberalised Remittance Scheme (LRS), with no limit on the frequency of remittances. Remitters must comply with regulations, including paying a 20% tax collection at source (TCS) on the LRS. Gifts to NRI close relatives of Indian residents can be transferred in a lump sum from a savings account to an overseas account, but must also fall within the LRS limit. Funds cannot be remitted from a private trust as LRS is not available to...

This is apropos a Business Recorder editorial “Political despondency and economic despair” carried by the...