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Remittances from overseas Pakistani workers clocked in at $3.2 billion for the month of April, up 13 per cent year-on-year, according to State Bank of Pakistan (SBP) data released on Friday. Topline Securities, a brokerage firm in Karachi, noted, “Worker remittances clocked in at US$3.2bn, up 13pc YoY in Apr-2025. “This takes 10MFY25 remittances to US$31bn, up 31pc YoY,” it added. According to the firm, inflows during April were mainly sourced from Saudi Arabia ($725m), UAE ($658m), UK ($535m), and US ($302m). Earlier, the government had set a target of $35bn in remittances for the current fiscal year (FY25), but financial experts believe the inflow would exceed the estimate. “The inflows could reach up to $36bn in FY25,” said a currency dealer in the banking market. A study published by the Asian Development Bank found that Pakistani migrants tend to remit more when economic conditions are improving back home and when there is a positive association between remittances and domestic economic activity. The stu...
Posts on multiple social media platforms from Indian users on Wednesday shared a video claiming to show India attacking Pakistan amid the recent escalation between the two countries. However, the footage dates back to October 2024 and shows Iranian airstrikes on Israel’s Nevatim airbase. On Wednesday, Pakistan mourned the loss of 31 lives in overnight attacks by Indian forces on civilians, describing New Delhi’s actions as “terrorism” and accusing it of continuous ceasefire violations on the Line of Control (LoC). The Pakistan military termed the downing of five Indian fighter jets as a major victory — and it was seemingly acknowledged when Indian officials admitted that at least three of their aircraft had “crashed” within their territory. As both countries continued to trade heavy artillery fire, authorities revealed the extent of the damage caused by Indian strikes at six locations — Ahmedpur East, Muridke, Sialkot and Shakkargarh in Punjab and Muzaffarabad and Kotli in Azad Kashmir. Since the breakdown in...10391 items