Workers remittances for January 2023 stood at 1.89 billion dollars, State Bank

Workers remittances for January 2023 stood at 1.89 billion dollars, State Bank

The wave of $2 billion monthly worker remittances since June 2020 broke in January 2023. According to the State Bank of Pakistan (SBP), workers’ remittances in January 2023 were $1.89 billion. Saudi Arabia received the lowest remittances since June 2019, 15 percent less worker remittances from Saudi Arabia in January at $40.76 million. The State…

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Record decline in remittances sent by overseas Pakistanis in January

Record decline in remittances sent by overseas Pakistanis in January

Karachi: The remittances sent by Overseas Pakistanis last month recorded a decrease on both annual and monthly basis. In January 2023, remittances sent by overseas Pakistanis recorded a decrease of 13.14% on annual basis. Overseas Pakistanis sent remittances worth one billion 894.9 million dollars last month. In addition to annual, monthly remittances from overseas Pakistanis…

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K Electric prepares investment plan till 2030 for transmission and distribution sector

K Electric prepares investment plan till 2030 for transmission and distribution sector

K Electric, the electricity distribution company in Karachi, has created an investment plan for the transmission and distribution sector from fiscal year 2024 to 2030. This investment project will improve the system for continuous supply of electricity using modern technology for the development of Karachi. The new plan includes targeted and innovative technology investments in…

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