ISSN: 1998 - 4162
JISR MSSE Journal Contents
Volume 10, Number 1, January 2012
SBP`s Home Remittance Policies and its Effects in Pakistan:
A Study of the Last Ten Years (2001-2010)
Syed Muhammad Hasan - NBP, Karachi, Pakistan
Dr. Mustaghis-ur-Rahman - SZABIST, Karachi, Pakistan
Abstract
Only second to exports income, home remittances are the bloodline of generating
foreign reserves for any country. The remittance received from the expatriate workers
community is and has always been the vital source of foreign exchange for the labor
exporting countries. These remittances become more useful if they flow through the
formal banking channels. In case, if the remittances flow through the informal channels,
they create a parallel economy...
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