The State Financial institution of Pakistan on Monday famous that Pakistan, with a rise of 26%, has reported a file run of above $2 billion in remittances for the 10th consecutive month in March.
The central financial institution on Twitter stated that at $2.7b, the remittances have been up 20% in comparison with February and 43% in comparison with March 20.
“Cumulatively, the remittances have risen to $21.5bn throughout July-March FY21, up 26% over the identical interval final yr,” SB stated in a tweet.
PM Imran thanks abroad residents for his or her ‘unparalleled love’
Prime Minister Imran Khan appreciated Pakistanis dwelling overseas for his or her “unparalleled love and dedication for the nation”, thanking them for his or her help within the improvement of the nation.
“You despatched over $2bn for 10 straight mths regardless of Covid, breaking all information. Your remittances rose to $2.7bn in March, 43% increased than final yr,” the premier wrote on Twitter.
Pakistan had reported a 24.2% bounce in February in remittances.
The event got here after the federal government rolled out incentives that attracted individuals overseas to ship more cash residence via formal channels.
The remittances continued distinctive efficiency and remained above $2 billion for the tenth consecutive month in March.