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PM Imran Khan thanks abroad Pakistanis for ‘record-breaking’ month of remittances

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PM Imran Khan thanks overseas Pakistanis for 'record-breaking' month of remittances
  • PM Imran Khan thanks abroad Pakistanis for “record-breaking month of remittances”
  • Pakistan obtained $2.4bn in remittances throughout December
  • First time Pakistan’s remittances have been above $2bn for six consecutive months, says PM Imran Khan

Prime Minister Imran Khan introduced that Pakistan had had a “record-breaking” month for December so far as remittances is anxious, saying that the nation had obtained $2.4bn in December.

“MashaAllah, 1st time in Pakistan remittances have been above $2 bn for 6 consecutive months,” wrote the prime minister on Twitter.

According to figures shared by the prime minister, the whole variety of remittances obtained in the course of the previous six months for the fiscal 12 months quantity to $14.2 bn.

The prime minister stated that Pakistan had witnessed a progress of 24.9% in remittances when in comparison with final 12 months.

“I want to thank our overseas Pakistanis for yet another record-breaking month of remittances in Dec: $2.4 bn. MashaAllah, 1st time in Pakistan remittances have been above $2 bn for 6 consecutive months. Total for 6 months of this fiscal year $14.2 bn – a 24.9% growth over last yr,” he tweeted.

Pakistan’s remittances in November 2020

Pakistan maintained a robust momentum in staff’ remittances for the sixth consecutive month in November with over $2billion, the State Bank of Pakistan (SBP) had reported final month.

Workers’ remittances elevated 28.4% year-on-year in November 2020, pushing the cumulative flows to $11.8 billion in the course of the July-November FY21 with an increase of 26.9% in comparison with similar interval final 12 months, the SBP had stated.

“This significant growth reflects continued government and SBP efforts to formalise remittances under Pakistan Remittances Initiative (PRI), growing use of digital channels amid limited international travel, orderly exchange market conditions and improved global economic activity,” the central financial institution had stated.

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