LAHORE: Just when needed Remittances to Pakistan went up by 17 % where the biggest chunk came from Saudi Arabia, then by all other gulf & European countries.
In a press brief released by the world bank on Migration and Development, the remittances to Pakistan went up by 5.2 % from South Asian countries as well.
All financial institutions including the World Bank had predicted that remittances will decrease as the shrinking of the foreign exchange funds & of course due to the COVID-19 pandemic.
this growth in remittances is due to limited international travel, FATF- various incentives given overseas Pakistanis by (SBP). in the shape of Roshan Digital Accounts, which surpassed the $1 billion mark, attracted more overseas investments.