Saudi Arabia, UAE remain largest sources of remittances to Pakistan — central bank 

A Pakistani dealer counts US dollars at a currency exchange shop in Karachi, Pakistan, on October 9, 2018. (AFP/ File)
Short Url
Updated 14 December 2021
Follow

Saudi Arabia, UAE remain largest sources of remittances to Pakistan — central bank 

  • With $2.4 billion of inflows during November, workers' remittances remain above $2 billion since June 2020 
  • State Bank of Pakistan says proactive measures have contributed towards sustained inflows of remittances 

KARACHI: Saudi Arabia and the United Arab Emirates (UAE) remained the biggest sources of remittances to Pakistan with over $1 billion transferred to the South Asian nation from the two Gulf countries in the month of November, the Pakistani central bank said on Monday. 

With $2.4 billion of inflows during November, workers' remittances continued their strong streak and remained above $2 billion since June 2020, according to the State Bank of Pakistan (SBP). 

In terms of growth, the country's remittances increased by 0.6 percent in November on a year-on-year basis, while they declined by 6.6 percent on a month-on-month basis. 

"Cumulatively, at $12.9 billion, remittances grew by 9.7 percent during the first five months of FY22 over the same period last year," the SBP said in a statement. 

"Remittances inflows during November 2021 were mainly sourced from Saudi Arabia ($590 million), United Arab Emirates ($452.5 million), United Kingdom ($305.8 million) and the United States of America ($237.8 million)." 

Proactive policy measures to incentivize the use of formal channels and altruistic transfers to Pakistan amid the pandemic had contributed towards the sustained inflows of remittances since last year, the central bank said. 

Pakistan has deep-rooted fraternal ties with Saudi Arabia and the UAE. Around 2.5 million Pakistani expats are living in the kingdom and over 1.6 million in the UAE. 

These Pakistanis have greatly contributed to the development of the two Gulf countries, besides being the biggest source of foreign remittances to Pakistan. 


Pakistan court directs authorities to form medical board to assess Imran Khan’s eye condition

Updated 11 sec ago
Follow

Pakistan court directs authorities to form medical board to assess Imran Khan’s eye condition

  • Islamabad High Court rejects jailed ex-PM’s request for immediate transfer to private hospital
  • Medical board comprising doctors from PIMS and Shifa to submit report on possible transfer

ISLAMABAD: A Pakistani high court on Thursday directed authorities to form a medical board of government doctors to assess whether jailed former prime minister Imran Khan needs to be transferred to a hospital, his party said, following a rejection of his request to be moved to a private facility for treatment.

The development comes after the Pakistan Institute of Medical Sciences (PIMS) said last week that Khan’s vision had “improved remarkably” since he was given an Anti-VEGF injection amid concerns related to his eyesight.

Anti-VEGF injections are commonly used to treat retinal vein occlusion and other retinal vascular disorders by reducing swelling and abnormal blood vessel growth inside the eye. Prior to the development, the ex-premier had complained of rapid deterioration in vision in one of his eyes.

“The Islamabad High Court has rejected Imran Khan’s request for immediate transfer to Shifa International Hospital,” the Pakistan Tehreek-e-Insaf (PTI) party said in a post on X.

“The court directed that the Chief Commissioner immediately constitute a medical board comprising doctors from PIMS and Shifa Hospital,” it continued. “The medical board will submit a report, on the basis of which the Chief Commissioner will decide whether a hospital transfer is to take place or not.”

The PTI said the court’s decision had raised questions over the judiciary’s independence.

“Delaying a medical emergency and handing it over to administrative discretion is a violation of human rights,” it said. “The issue of Imran Khan’s health is not just about one individual but reflects the entire judicial and state system.”

The 74-year-old cricketer-turned politician has been in prison since August 2023 in cases that he and his party say are politically motivated.

Khan was taken to PIMS for a medical procedure earlier this year, as his party questioned the transparency of the medical update and demanded independent access to his care.

Khan was removed from office in April 2022 through a parliamentary vote of no confidence that he says was orchestrated at the behest of the former administration in Washington by his political rivals with backing from the military. His allegation has been denied by all parties involved.

Since his imprisonment, Khan has faced multiple convictions and ongoing legal proceedings that authorities say follow due process, while his party describes them as efforts to sideline him from politics.