The state Bank of Pakistan (SBP) has said that the country saw an increase of 26% in remittances, with a record run of above $2 billion in remittances for the 10th consecutive month in March.
According to details, the State Bank has stated this in a statement on social networking website Twitter on Monday. The Bank also shared a graph in their post.
SBP wrote in a tweet, “Remittances continued their record run of above $2bn for 10th consecutive month in Mar. At $2.7bn, they were up 20% compared to Feb & 43% compared to Mar20. Cumulatively, they have risen to $21.5bn during Jul-Mar FY21, up 26% over the same period last year.”
The Prime Minister Imran Khan has expressed immense happiness over the development. He lauded the overseas Pakistanis for their unparalleled love and commitment for their country.
In a tweet, the Prime Minister said, “The love and commitment of Overseas Pakistanis to Pakistan is unparalleled. You sent over $2bn for 10 straight mths despite Covid, breaking all records.”
“Your remittances rose to $2.7bn in Mar, 43% higher than last yr. So far this fiscal yr, your remittances rose 26%. We thank you,” the Premier added.