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Daily Times April 18, 2021 Currency traders and analysts expect that Pakistan will receive record monthly remittances up to $3 billion ahead of Eid festivities. According to the State Bank of Pakistan, the country witnessed a 43 percent increase in workers’ remittances in March 2021 when it received $2.7 billion. It was the 10th consecutive month the Pakistani diaspora sent more than $2 billion to their homeland. “Keeping in view the consistent inflows, we expect remittances to cross the $3 billion mark ahead of Eid,” said Malik Bostan, chairman of the Exchange Companies Association of Pakistan (ECAP). “The major support as usual is coming from Saudi Arabia and the UAE where large numbers of Pakistani workers reside, and many of them are unable to travel to their country to celebrate Eid with their families,” he continued. “We expect 20 to 30 percent seasonal growth in remittances.” “Pakistan is receiving great support from Saudi Arabia and the UAE,” Bostan said

Saudi arabiaSamiullah tariqMalik bostanInternational monetary fundExchange companies association of pakistanState bankExchange companies associationPakistan kuwait investmentசவுதி அரேபியாசாமிிுள்லாஹ் தாரிக்மாலிக் போஸ்டன்சர்வதேச பண நிதிபரிமாற்றம் நிறுவனங்கள் சங்கம் ஆஃப் பாக்கிஸ்தான்நிலை வங்கிபரிமாற்றம் நிறுவனங்கள் சங்கம்பாக்கிஸ்தான் குவைத் முதலீடு