UAE: Remittances to Pakistan Soar in March

UAE: Remittances to Pakistan Soar in March

Remittances during March amounted to $1.89 billion against $1.73 billion in the year-ago period, registering an increase of $160.9 million or 9.3 percent.. The rupee will remain under pressure and foreign exchange reserves will also deplete in coming months," he said.. Since many people are stranded and rendered jobless this trend will not sustain and remittances will drop.. They will remit even less, going forward," said Afsar.. It will impact saving and remittances from the UAE and the wider region," he added..