Saudi Arabia remained largest source of remittances to Pakistan in November — central bank

Pakistani customers enter a foreign currency exchange shop in Karachi, Pakistan, on October 14, 2010. (AFP/File)
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Updated 14 December 2022
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Saudi Arabia remained largest source of remittances to Pakistan in November — central bank

  • Latest figures show remittances decreased by 4.8 percent month-on-month and by 14.3 percent on year-on-year basis
  • Saudi Arabia is a longtime ally of Pakistan, nearly 2.5 million Pakistani expats live and work in the kingdom

KARACHI: Saudi Arabia retained its position as the largest contributor of remittances to Pakistan in November, with expats working in the kingdom sending $498 million to the South Asian nation last month, the central bank said on Wednesday. 

In terms of growth, latest figures showed that remittances decreased by 4.8 percent month-on-month and by 14.3 percent on a year-on-year basis.

“Remittances inflows during Nov 2022 were mainly sourced from Saudi Arabia ($498 million), United Arab Emirates ($377.8 million), United Kingdom ($299.1 million) and United States of America ($229.4 million),” the central bank said. 

“With cumulative inflow of $ 12 billion during Jul-Nov FY23, the remittances decreased by 9.6 percent as compared to the same period last year.”

Saudi Arabia and the UAE are longtime allies of Pakistan. Nearly 2.5 million Pakistani expats live and work in the kingdom and more than 1.6 million in the UAE.


Pakistan PM praises stuntman ‘Sultan Golden’ for breaking record for fastest reverse car driving

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Pakistan PM praises stuntman ‘Sultan Golden’ for breaking record for fastest reverse car driving

  • Sultan Muhammad Khan drove one mile in reverse in just 57 seconds to set new world record, local media widely reported
  • Khan previously broke world record for longest motorbike ramp jump in 1987, managing a 249-feet long jump in Lahore

ISLAMABAD: Prime Minister Shehbaz Sharif and President Asif Ali Zardari praised renowned stuntman Sultan Muhammad Khan, popularly known as “Sultan Golden,” for breaking the world record for fastest reverse driving a car on Saturday. 

As per local media reports, Khan achieved the feat in the capital of Pakistan’s southwestern Balochistan province Quetta, when he drove one mile in reserve in just 57 seconds. 

“Sultan Golden has made Pakistan proud across the world,” Sharif said in a statement released by his office. 

The Pakistani prime minister said his government is committed to providing all possible facilities in every field of sports. 

Zardari also heaped praise on the stuntman for setting the new world record. 

“He said the achievement reflects the skill, courage and dedication of Pakistanis, strengthening Pakistan’s positive image globally and wished him continued success,” the president’s official X account wrote. 

Khan has been performing stunts since the 1980s in Pakistan, a country where motorsports does not gain traction due to a lack of infrastructure and popularity of other sports such as cricket, football and squash. 

Khan, who hails from the southwestern city of Pasni, earned the nickname ‘Golden’ early on in his youth for his iconic curly golden hair. 

In March 1987, he entered his name in the Guinness Book of World Records when he performed the longest motorbike ramp jump in Lahore. Khan managed a 249-feet long jump, beating the previous record by two feet.