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Posts published in “Day: July 18, 2016

Saudi Arabia remains largest source of remittances for Pakistan By Kazim Alam in The Express Tribune, July 16th, 2016.

KARACHI: Overseas Pakistani workers sent remittances amounting to over $19.9 billion in 2015-16, up 6.4% from the preceding fiscal year, according to data released by the State Bank of Pakistan (SBP) on Friday. As for the last month of 2015-16 alone, home remittances crossed the $2 billion mark for the first time in history. They clocked up at $2.1 billion in June, up 13.8% on a year-on-year basis. The hike in remittances in June can…