Search For "remittances"
Indian entrepreneurs set to launch neobank in Southeast Asia
Updated : 3 years, 1 month ago IST
The soon-to-be-launched digital bank's key focus will be micro-lending, remittances, domestic payments, e-wallets, personalised and communal savings as well as micro-insurance in Southeast Asia. Its target market are blue-collar workers, foreign domestic workers, and micro, small and medi
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State Bank of Pakistan's foreign exchange reserves plunge to 8-year low at
Updated : 3 years, 2 months ago IST
The plunge in forex reserve is a worrisome scenario as it will create problems in the repayment of its huge foreign debts.
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World Bank: Indian migrant workers from Singapore, other countries send ho
Updated : 3 years, 3 months ago IST
That puts its inflows far ahead of Mexico (USD60 billion), China (USD51 billion), the Philippines (USD38 billion), Egypt (USD32 billion) and Pakistan (USD29 billion), positioning the country to retain its spot as the world's top recipient of remittances. Such foreign remittances make up almo
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India to receive over record USD 100 billion in remittances in 2022: World
Updated : 3 years, 3 months ago IST
In its latest Migration and Development Brief, World Bank said remittance flows to India will rise 12 per cent, putting its inflows ahead of countries including China, Mexico and the Philippines.
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Pak remittances continue to decline
Updated : 3 years, 3 months ago IST
Remittances from Saudi Arabia, UAE, UK and US make up 68.5pc of Pakistan's yearly remittances. But lately, remittances from the first three countries, with a share of 57.7pc in the total pie, have been falling with little chance of a reversal of this trend, primarily due to economic and expa
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Pakistan's remittances drop amid widening exchange rate gap
Updated : 3 years, 3 months ago IST
The workers' remittances recorded an inflow of USD 2.2 billion in October as compared to the previous month's figure of USD 2.4 billion, the central bank said in its official data last Friday.
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Ethiopia records more remittances from diaspora
Updated : 3 years, 7 months ago IST
Addis Ababa [Ethiopia], July 23 (ANI/Xinhua): Ethiopian diaspora remittances reached 4.2 billion U.S. dollars during the Ethiopian 2021/2022 fiscal year that ended on July 7, said authorities.
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India's remittances from Gulf region declined in FY21: RBI
Updated : 3 years, 7 months ago IST
New Delhi [India], July 18 (ANI): The share of remittances from the Gulf Cooperation Council (GCC) region to India has declined in 2021, the Reserve Bank of India said, reflecting a slower pace of migration and the presence of the Indian diaspora in informal sectors that were hit the most du
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ED attaches Rs 5551.27 cr of Xiaomi Technology India Pvt Ltd under Foreign
Updated : 3 years, 10 months ago IST
New Delhi [India], April 30 (ANI): The Enforcement Directorate (ED) has seized Rs 5551.27 crore of Xiaomi Technology India Pvt Ltd-- a wholly-owned subsidiary of China-based Xiaomi group-- under the Foreign Exchange Management Act (FEMA) in connection with illegal remittances made by the
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IndusInd Bank, NPCI join hands to offer cross-border payments through UPI
Updated : 4 years, 2 months ago IST
Mumbai [India], December 29 (ANI): IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through Unified Payments Interface (UPI).
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Pakistan's foreign remittances fall in November, exchange rate against US
Updated : 4 years, 2 months ago IST
Islamabad [Pakistan], December 23 (ANI): In Pakistan the exchange rate witnessed a persistent decline against the US dollar for the last several months because of the fall in foreign remittances by 6.6 percent despite contradicting claims by Pakistan economic managers.
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Pakistan borrows USD 14.3 billion foreign loans in FY21
Updated : 4 years, 7 months ago IST
Islamabad [Pakistan], July 20 (ANI): Pakistan Ministry of Economic Affairs reported on Monday that the government received USD 14.283 billion foreign loans during the fiscal year 2020-21, compared to USD 10.66 billion in 2019-20, showing an increase of 34 per cent.
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