Karachi: Overseas Pakistanis increase remittances by more thanTwo billion for fifth consecutive month

According to details, despite Corona, the country’s economic indicators continue to improve. A statement issued by the State Bank of Pakistan said that for the fifth consecutive month, Pakistanis abroad sent more than Rs 2 billion in remittances.
The SBP says remittances reached two billion in October, up 14 percent from October last year.
In the first four months of the current financial year, the total remittances increased by 26.5% to billion. The highest remittances were received from Pakistanis living in Saudi Arabia.
According to the SBP, 30 percent of remittances were sent to Pakistan from Saudi Arabia, 16 percent from the United States and 14 percent from London.
Last month, remittances as a whole rose to a record 7. 7.1 billion, up 31.1 percent from the same period last year.
It may be recalled that according to the report of the State Bank of Pakistan, the highest remittances received in the history of the country in July was dollar billion.
The SBP said remittances in July 2020 increased by 36.5 per cent over the previous year. This is the highest level of remittances coming to Pakistan in a single month.

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