remittances
- Middle East
New fee for Emirates NBD transfers to select countries — India not affected
Emirates NBD, Dubai’s largest bank by assets, will introduce a fee of Dirham 26.25 (Rs 610.81) for certain international transfers made via its mobile app or online banking platform, starting September 1.…
- World
US tax proposal on remittances sparks concern among NRIs, Indian families
A new US proposal to impose a 5 percent tax on outbound remittances by non-citizens including NRIs has drawn sharp reactions from Indians living in America. It could significantly increase the cost…
- Middle East
UAE: Exchange houses to increase remittance fees by 15%
Abu Dhabi: Exchange houses in the United Arab Emirates (UAE) are expected to increase remittance fees for expatriates by 15 percent for the first time in five years. The announcement was made…
- India
India leads list of top five remittance recipient countries in 2023
New Delhi: In 2023, India leads the list of top five remittance recipient nations as the country saw the highest amount of inflows in the world. The country received USD 125 billion,…
- Pakistan
Pakistan’s brain drain witnesses sharp increase
Islamabad: The brain drain phenomenon in Pakistan has witnessed a sharp increase, with a growing number of highly-educated professionals opting to leave the country in search of better opportunities elsewhere, media reports…
- Pakistan
Pakistan’s remittances increase 4.9 pc in Feb: Central bank
Islamabad: Remittances sent by overseas Pakistani workers increased by 4.9 per cent in February on a month-on-month basis, the central bank said. The workers’ remittances recorded an inflow of $1.987 billion in…
