Islamabad: State bank of Pakistan announced recently that remittances by overseas Pakistanis from the last few months is rised to all-time high at USD 2.8 billion in April alone, appreciation of 56% is recored in comparison to previous year.
In addition, July 2020 to April 2021, remittances for labor increased by 29% (USD 24.2 bn)
The main cash flow came from Kingdom of Saudi Arabia USD 6.40 bn, UAE USD 5.08 bn, UK USD 3.33 bn, from USA USD 2.22 bn. Imran Khan PM of Pakistan has repectedly praised & thanked all overseas Pakistanis in regards to the zeal of ‘Naya Pakistan’ and believing in the current government.
Henceforth reserves of Pakistan’s foreign exchange are riased by USD 168 mn. SBP’s reserves went up from 15.598 to 15.775 bn.