Pakistan remittances poised to hit record $23 billion

More than eight million overseas Pakistanis will continue to send more money back home,

Remittance inflows to Pakistan are seen to sustain an upward trend during financial year 2019-20 despite a slowdown in the global economy and a nationalisation drive in most of Gulf countries, experts said.

Analysts and experts said remittances to Pakistan may rise 5 per cent to hit another all-time high mark of $23 billion during the ongoing fiscal year despite a slight decline in inflows during the July-September 2019 quarter

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