PM terms overseas Pakistanis greatest asset as remittances reach all-time high  

By: News Desk      Published: 12:34 PM, 18 May, 2021
PM terms overseas Pakistanis greatest asset as remittances reach all-time high  

Prime Minister Imran Khan has eulogized the services and efforts of overseas Pakistanis, terming them the biggest asset of the country, reported 24 News HD TV Channel.

Prime Minister Khan in his tweet on Tuesday said that he has always believed overseas Pakistanis to be the greatest asset of the country. He said their remittances rose to an all-time high of $2.8bn. He said in the first 10 months of Fiscal Year 2021, overseas Pakistanis’ remittances have broken the record level achieved in the entire FY 2020. He thanked them for their faith in Naya Pakistan.

State Bank says remittances up by 56%

On the other hand, the State Bank of Pakistan has shown its satisfaction over the situation of remittances sent by overseas Pakistanis, saying the monthly remittances have reached an all-time high of $2.8 billion.

The remittances registered an increase of 56% as compared to April last year, the bank said in a statement in Karachi on Tuesday.

It said from July to April, Pakistan received $24.2 billion remittances. The remittances have seen a 29% increase as compared to Fiscal Year 2019-20.

The bank informed that most of the remittances came from Saudi Arabia totaling $4.6 billion. Whereas Pakistan received remittances from UAE amounting to $1.5 billion, from Britain $3.3 billion and from America $2.2 billion.

Reporter Habib Khan