Pakistan has Received more than $2Bn Remittances
According to the State Bank of Pakistan, remittances rose by 26% in March, reaching a record high of over $2 billion for the tenth consecutive month.
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“Remittances totaled $2.7 billion, up 43% from March 20 and 20% from February. Remittances increased by 26% from the same period in the prior year, reaching a total of $21.5 billion in July-March FY21. On Twitter, the central bank declared that it was a new year.
Imran Khan, the prime minister, expressed his happiness at the development and complimented the Pakistanis living abroad for their “unparalleled devotion and loyalty to the motherland”.
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Remittances exceeded forecasts in March and were above $2 billion for the ninth consecutive month, which is a promising development.
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