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GCHF
Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.

 

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Remittances surge 19% to $2.27bn in January 2021

KARACHI: Receiving remittances over $2 billion for six consecutive months, the State Bank of Pakistan (SBP) recorded inflows worth $2.27 billion in January 2021, marking a surge of 19%.

The remittances received in January 2020 were recorded at $1.9bn.

Moreover, the volume of remittances in the first seven months (Jul-Jan) of the current fiscal year grew by 24% and reached $16.47bn as compared to the volume of $13.27bn same periods of last year.

In the light of surging remittances, the SBP has readjusted its targets of receipts to $24-25bn for FY21 in January. Previously, the projections were estimated to be around $23-24bn.

Moreover, the projections of the current account deficit have also been altered and stand at 0.5-1.5% of GDP against the earlier estimates of 1-2.0% of GDP.

The construction and real estate sector of Pakistan are the major recipients of the remittances of overseas Pakistanis.

 

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