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Gulf Today Report
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, according to Reuters.
Proactive policy measures by the government and State Bank to encourage more inflows through banking channels, curtailed cross border travel due to the pandemic, and Eid holiday-related inflows contributed to the record levels of remittances this year, the central bank said.
"I have always believed overseas Pakistanis to be our greatest asset," Prime Minister Imran Khan said on Twitter.
The inflows came mainly from Saudi Arabia, at $6.4 billion, the United Arab Emirates, $5.1 billion, Britain, $3.3 billion, and the United States, $2.2 billion, the central bank said, referring to cumulative figures.
The State Bank of Pakistan announced on Monday that the remittances remained above $2 billion for 8th straight month as during the corresponding month, the inflow was recorded at $2.3 billion as compared to the inflow of $1.907 billion in January 2020.
The benchmark Nikkei 225 index gained 0.65 per cent, or 152.81 points, at 23,559.30, while the broader Topix index was up 0.88 per cent, or 14.46 points, at 1,651.10.
Tokyo's Nikkei 225 edged 0.1% higher to 23,475.53 while the Hang Seng in Hong Kong lost 0.2%, to 24,682.78. South Korea's Kospi gave up 0.4% to 2,433.41 and the S&P/ASX 200 in Sydney jumped 1% to 5,952.00. The Shanghai Composite index slipped 0.4% to 3,282.34.
Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance (MoF), met on Friday with Christopher Pyne, Chairman of the Australia United Arab Emirates Business Council,
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The report, titled, “Non-Oil Foreign Merchandise Trade Through the Ports of Abu Dhabi”, published by the Statistics Centre-Abu Dhabi (SCAD),