Pakistan’s overseas remittances exceed $2 billion for 10th consecutive month, PM lauds overseas Pakistanis

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.”

Also read: PM thanked overseas Pakistanis for record increase in remittances over last 8 months

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.