Pakistan receives $2.71 billion remittances in July 2021

miafridi

Prime Minister (20k+ posts)
sbp.jpg


KARACHI: Pakistan has received workers’ remittances worth $2.71 billion in July 2021, the central bank said on Tuesday.

The State Bank of Pakistan (SBP) said with the inflows of $2.71 billion in July 2021, workers’ remittances continued their strong trend, remaining above $2 billion for the 14th consecutive month.

“This is the second highest level of remittances reported in the month of July.”

In terms of growth, remittances increased 0.7 per cent over the previous month and showed a decline of 2.1 per cent over the same month of the last year.

This marginal year-on-year (YoY) decline was largely on account of Eid-ul-Azha, which resulted in fewer working days this July, compared with the last year.

Remittance inflows during July 2021 were mainly sourced from Saudi Arabia ($641 million), the United Arab Emirates ($531 million), the United Kingdom ($393 million) and the United States ($312 million).

The proactive policy measures by the government and the SBP to incentivise the use of formal channels, curtailed the cross-border travel in the face of the Covid-19, altruistic transfers to Pakistan, amid the pandemic, and orderly foreign exchange market conditions have positively contributed towards the sustained improvement in remittance inflows since last year.

https://www.bolnews.com/latest/2021/08/pakistan-receives-2-71-billion-remittances-in-july/
 

Shahid Abassi

Chief Minister (5k+ posts)
As compared to last July, a considerable fall in remittances from Saudi Arabia, Dubai, and Qatar due to COVID travel restrictions. Saudi Arabia 640 vs 821 million. Dubai 411 million vs 445 million in last July.
 
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Oppostion Is Mafia

Minister (2k+ posts)
As compared to last July, a considerable fall in remittances from Saudi Arabia, Dubai, and Qatar due to COVID travel restrictions. Saudi Arabia 640 vs 821 million. Dubai 411 million vs 445 million in last July.
What about Shahid Abbasi was puppet of Sharif family he acts like dog of Nawaz and Maryam.
 

Shahid Abassi

Chief Minister (5k+ posts)
What about Shahid Abbasi was puppet of Sharif family he acts like dog of Nawaz and Maryam.
Subhan Allah. Why do you think, I am a dog of Nawaz and Maryam?? You know what, It is the first time in the last 6 years on this forum, that someone talks to me in this tone, so you deserve a medal for your beautiful words.
It is a bit funny too because if you read my comments, you wouldn't find a person more opposed to Sharifs and Zardari than me. BUT even if I was a supporter of these creatures, do you really feel it ok to abuse any other person who carries some different beliefs than yours?
I think you are too young and have a hot-blooded mind so I don't mind but believe me, it would help you in life if you learn to control your sentiments and be cool. Best of luck and may Allah bless you in life.