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Pakistani remittances hit an all time high

Pakistani remittances hit an all time high

ISLAMABAD – Prime Minister Imran Khan on Tuesday thanked the overseasPakistanis once again for ensuring that the country recorded remittances atan all-time high of $2.8 billion in April, 56% higher than last year.

PM Imran took to Twitter and wrote, “I have always believed OverseasPakistanis to be our greatest asset. In April, your remittances rose to anall-time high of $2.8bn. Remitting $24.2bn in the first 10 mths of FY21,you have broken the record level achieved in the entire FY20.”

Meanwhile, the State Bank of Pakistan also tweeted. The SBP wrote, “At$24.2bn during Jul-Apr FY21, up 29% from last year, these have alsosurpassed the full FY20 level by over $1bn, creating a new record.”

Pakistan had seen an increase of 26% in remittances, with a record run ofabove $2 billion in remittances for the 10th consecutive month in March.

“At $2.7bn, the remittances were up 20% compared to February and 43%compared to March 20. Cumulatively, the remittances have risen to $21.5bnduring July-March FY21, up 26% over the same period last year,” the centralbank had said on Twitter.