ISLAMABAD: Prime Minister Imran Khan has thanked the overseas Pakistanis for sending record 24.2 billion dollars remittances during the first ten month of current fiscal year.
In a tweet today (Tuesday), he said he always believed that overseas Pakistanis to be the country’s greatest asset.
The Prime Minister said the remittances during the month of April rose to an all-time high of 2.8 billion dollars.
Earlier, State Bank of Pakistan (SBP) said that the inflow of workers’ remittances rose to an all-time monthly high of $2.8 billion in April 2021, which is 56 percent higher than during the same month last year.
On a cumulative basis, remittances have also surpassed previous records. At $ 24.2 billion in July-April FY21, remittances grew by 29 percent over the same period last year and have already crossed the full FY20 level by more than $1 billion.
Remittance inflows during July-April FY21 were mainly sourced from Saudi Arabia ($6.4 billion), United Arab Emirates ($5.1 billion), United Kingdom ($3.3 billion) and the United States ($2.2 billion).
Proactive policy measures by the Government and SBP to encourage more inflows through formal channels, curtailed cross border travel in the face of COVID-19, altruistic transfers to Pakistan amid the pandemic, orderly foreign exchange market conditions and, more recently, Eid-related inflows have contributed to record levels of remittances this year.
