PM Imran Khan elated over all-time excessive remittances of $2.8b in April

Pakistan recorded at 56% greater than final yr within the month of April. File picture

Pakistan on Tuesday has recorded remittances at an all-time excessive of $2.eight billion in April, 56% greater than final yr within the month of April.

Sharing the replace on  Twitter, the premier stated that abroad Pakistanis are the best belongings of Pakistan.

“I’ve at all times believed Abroad Pakistanis to be our best asset. In April, your remittances rose to an all-time excessive of $2.8bn. Remitting $24.2bn within the first 10 mths of FY21, you’ve gotten damaged the report stage achieved in all the FY20,” the prime minister wrote on Twitter.

PM Imran additionally thanked the expats for his or her religion in Naya Pakistan.

Then again, the state financial institution of Pakistan additionally tweeted the replace. 

“At $24.2bn throughout Jul-Apr FY21, up 29% from final yr, these have additionally surpassed the complete FY20 stage by over $1bn, creating a brand new report,” the central financial institution stated on Twitter.

The remittance inflows throughout July-April (FY2020-21) have been primarily sourced from Saudi Arabia ($6.four billion), United Arab Emirates ($5.1 billion), United Kingdom ($three.three billion) and america ($2.2 billion).

Proactive coverage measures by the federal government and the SBP to encourage extra inflows by means of formal channels, curtailed cross border journey within the face of COVID-19, altruistic transfers to Pakistan amid the pandemic, orderly international alternate market circumstances and, extra lately, Eid-related inflows have contributed to report ranges of remittances this yr. 

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