Pakistan’s remittances hit all-time monthly high of $2.8 bln in April

Pakistan’s remittances hit all-time monthly high of .8 bln in April

Remittances from Pakistani workers employed abroad rose to a record monthly high of $2.8 billion in April, 56% higher than a year earlier, the central bank said on Tuesday. On a cumulative basis, remittances also surpassed the previous record. Proactive policy measures by the government and State Bank to encourage more inflows through banking channels, … Read more

Pakistan government files money laundering case against Shahbaz Sharif, family

Pakistan government files money laundering case against Shahbaz Sharif, family

The Pakistan government has filed a Rs 7 billion (USD 41.9 million) money laundering case against the Leader of the Opposition Shahbaz Sharif and his family. Shahbaz, 69, is the younger brother of former premier Nawaz Sharif. He served as chief minister of Punjab from 2008 to 2018. Adviser to the Prime Minister on Interior … Read more