Workers’ remittances top $2 billion for 9th straight month

miafridi

Prime Minister (20k+ posts)

Workers’ remittances top $2 billion for 9th straight month​


dollar-2-750x369.jpg


KARACHI: Workers’ remittances exceeded $2 billion for a record ninth consecutive month in February 2021, data released by the State Bank of Pakistan (SBP) on Thursday showed.

Pakistan received $2.26 billion worth of remittances in Feb, around the same level as the previous month. However, remittances saw a 24.2 per cent increase as compared to last year’s corresponding month.


On cumulative basis, workers’ remittances reached $18.7 billion during Jul-Feb FY21, registering 24.1 per cent increase over the corresponding year of last year.

A large part of workers’ remittance inflow during Jul-Feb FY21 was sourced from Saudi Arabia ($5.0 billion), United Arab Emirates ($3.9 billion), United Kingdom ($2.5 billion) and United States ($1.6 billion).

“Policy measures undertaken by the Government and SBP to encourage inflows through formal channels, limited cross border travel due to COVID-19, medical expenses and altruistic transfers to Pakistan amidst the pandemic, and orderly exchange market conditions contributed to this
sustained rise in workers’ remittances,” the SBP said.

https://arynews.tv/en/workers-remittances-top-2-billion-for-9th-straight-month/
 

Kam

Minister (2k+ posts)
Economy started stabilising now which is why crooks are in hurry.
Estimatedly around 8 billion per year is available in the black market as per these figures.
If you multiply it by 10 years of PMLN and PPPP then it amounts to 80 billion almost equal to our debt
Government need to bring a policy to bring this money out from houses. This is available in Pakistan.
Government should force a legislation to stop money exchangers to buy any money from people who do not have a tracebility of this money
 

Islamabadi1

Minister (2k+ posts)
This LAANTI PTI government turning Pakistan into Venezuela....Venezuela is a country where NOBODY in the country can afford to live UNLESS they have 1 family member abroad who sends remittance to them. This LAANTI is encouraging people to migrate abroad becasue inside the country he has NOTHING to offer to the youth except LANGAR khana. Nobody in Pakistan can dream of buying an own home on a honest salary unless some relative sends money from abroad. This party is a CURSE upon us. We remember their lies "Pakistan woh azeem mulk bangea jahan log bahir se naukrian dhoondney aaya karengey"
 

Back
Top