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Tag: STATE BANK OF PAKISTAN

Technology

Workers’ Remittances to Pakistan Reach $24 Billion in FY25 First Half

March 12, 2025March 12, 2025 - by Carmen Mendez - Leave a Comment

Pakistan received $24 billion in remittances in the first eight months of FY25, marking a 32.5% increase from the previous year. February alone saw $3.12 billion, highlighting strong contributions from …

Workers’ Remittances to Pakistan Reach $24 Billion in FY25 First Half Read More
Business / economics

Pakistan Experiences 38.6% Surge in Remittances Driven by Saudi Arabia and UAE Contributions

March 10, 2025March 10, 2025 - by Sofia Nawab - Leave a Comment

Pakistan saw a 38.6% increase in remittances to $3.1 billion in February 2025, with Saudi Arabia and the UAE as primary contributors. Cumulative remittances of $24 billion from July to …

Pakistan Experiences 38.6% Surge in Remittances Driven by Saudi Arabia and UAE Contributions Read More
Business / economics

Pakistan Explores Cryptocurrency Legalization with National Crypto Council

February 27, 2025February 27, 2025 - by Sofia Nawab - Leave a Comment

The Finance Ministry of Pakistan is considering the establishment of a “National Crypto Council” to explore legalizing cryptocurrencies, following discussions with a foreign delegation. This council will comprise government officials …

Pakistan Explores Cryptocurrency Legalization with National Crypto Council Read More
Climate change

Pakistan’s Urgent Climate Financing Needs: $40B Annually Through 2050

February 6, 2025February 6, 2025 - by Sofia Nawab - Leave a Comment

Pakistan requires annual climate financing of $40B-$50B until 2050 due to severe climate impacts, including economic losses from catastrophic flooding. Despite international pledges of $10 billion following the 2022 floods, …

Pakistan’s Urgent Climate Financing Needs: $40B Annually Through 2050 Read More
economics

Pakistan’s Economic Shift: Understanding (Dis)Inflation in 2024

December 30, 2024December 30, 2024 - by Carmen Mendez - Leave a Comment

In Pakistan, inflation peaked at 38% in May 2023 but dropped to 4.9% by mid-2024 after an IMF bailout. Despite lower inflation rates, the cost of living remains high, and …

Pakistan’s Economic Shift: Understanding (Dis)Inflation in 2024 Read More
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