Remittances increase by 9.36 percent in January: Hafeez Shaikh

By: News Desk      Published: 06:33 PM, 14 Feb, 2020
Remittances increase by 9.36 percent in January: Hafeez Shaikh

Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Friday that the remittances were on the rise increasing by 9.36 percent in January 2020 compared to the same month of last year.

In a tweet, Hafeez Shaikh said that the remittances during the last seven months also increased by 4.1 percent when compared to the corresponding period of last year.

The remittances during July-January (2019-20) were recorded at $13.30 billion compared to the remittances of $12.74 billion during July-January (2018-19), showing growth of 4.1 percent, the advisor said.

“Remittances on the rise. Increase by 9.36 percent in January 20 compared to January 19. Rise to $13.30 billion in Jul-Jan 2020, a growth of 4.1% compared to $12.74 billion during the same period last year,” the advisor tweeted.