SBP says remittances remain over $2bn for 14th straight month

By: 24 News      Published: 04:16 PM, 10 Aug, 2021
SBP says remittances remain over $2bn for 14th straight month

The State Bank of Pakistan has shown its satisfaction over the remittances sent by the overseas Pakistanis saying the emittances have been over $2 billion for the straight 14th month, reported 24News HD TV channel.

In a tweet posted on Tuesday, the State Bank of Pakistan wrote: “For the 14th straight month, remittances were over $2bn in July. At $2.7bn, they were higher than Jun and slightly lower, by $57mn, than July 20, despite fewer working days due to Eid. This is the 2nd highest level ever observed in Jul: https://sbp.org.pk/ecodata/Homeremit.pdf

The State Bank further stated that the highest remittances of $ 640.10 million were received from Saudi Arabia. From the United Arab Emirates remittances amounting to $53.10 were received. 

From the UK, remittances amounted to $390.30 million and from America, $310.20 million were sent to Pakistan. 

 Reporter Ashraf Khan