WhatsApp Logo Subscribe
For News Alert

News

PM Imran Khan happy over record foreign remittances

September 14, 2020 03:02 PM


Twitter Share Facebook Share WhatsApp Share

Prime Minister Imran Khan Monday said overseas Pakistanis sent $2,095 million in remittances in August 2020 which is 24.4 percent higher than August 2019.

He said these remittances are in addition to the record $2,768 million in July 2020.

The premier said for the first two months of this fiscal year (2020-21) Pakistan’s remittances are up 31 percent over the same period in 2019.

https://twitter.com/ImranKhanPTI/status/1305368882694295552

The State Bank of Pakistan (SBP) said that in August workers’ remittances remained above $2 billion for the third month in a row. They reached $ 2.095 billion, which is 24.4 percent higher than during the same month last year and largely in line with SBP projections.

Over the last three months, remittances reached an unprecedented level of $7.3 billion, 37.2 percent higher than the same period last year.

“Efforts under the Pakistan Remittances Initiative (PRI) and the gradual re-opening of businesses in major host countries such as Middle East, Europe and United States contributed to this increase,” the SPB said in a statement issued on Monday.

The top three originating countries for remittances in August were: Saudi Arabia ($0.593 billion), UAE ($0.410 billion) and UK ($0.302 billion).

“On m/m basis, remittances were 24.3 percent lower than the record level of remittances of $ 2.768 billion posted in July, mainly reflecting the usual seasonal decline in the post Eid-al-Adha period, “the central bank said.

https://twitter.com/StateBank_Pak/status/1305364250425266176



Most Read

  1. Missing young boy found dead at Islamabad’s Trail 5 Missing young boy found dead at Islamabad’s Trail 5
  2. More flights cancelled from Karachi Airport More flights cancelled from Karachi Airport
  3. Prime Minister Shehbaz Sharif declares May 28 as official holiday to celebrate Youm-e-Takbeer Prime Minister Shehbaz Sharif declares May 28 as official holiday to celebrate Youm-e-Takbeer
  4. Janhvi Kapoor flaunts insight on paparazzi ‘celebrity card’ culture Janhvi Kapoor flaunts insight on paparazzi ‘celebrity card’ culture
  5. Veteran actor Talat Hussain passes away Veteran actor Talat Hussain passes away
  6. Rabeeca Khan and Hussain Tareen seal their bond from ‘Best Friends to Life Partners’ Rabeeca Khan and Hussain Tareen seal their bond from ‘Best Friends to Life Partners’

Opinion

  1. Congo coup failed, Malanga killed
    Congo coup failed, Malanga killed

    By Naveed Aman Khan

  2. Hats off to Fatah-II
    Hats off to Fatah-II

    By Naveed Aman Khan

  3. New twist in PTI founder’s strategy towards Military Establishment
    New twist in PTI founder’s strategy towards Military Establishment

    By Salim Bokhari

  4. Revoke the heat stroke
    Revoke the heat stroke

    By Dr Asif Channer

  5. Defiance, sacrifice & national resilience
    Defiance, sacrifice & national resilience

    By Naveed Aman Khan

  6. Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds
    Maryam Nawaz Sharif's Police Uniform: Breaking Gender Stereotypes, Not Minds

    By Alysha Khan