Prime Minister Imran Khan mentioned on Monday that Pakistan recorded highest-ever remittances from abroad Pakistanis in July 2020, reaching $2,768 million.
On Twitter, the prime minister shared the statistics, calling it “more good news” for Pakistan’s financial system.
“Remittances from overseas Pakistanis reached $2,768 mn in July 2020, highest ever amount in one month in the history of Pakistan. This is 12.2% increase over June 2020 and 36.5% increase over July 2019,” he wrote.
Extra excellent news for Pak financial system. Remittances from abroad Pakistanis reached $2,768 mn in July 2020, highest ever quantity in a single month within the historical past of Pakistan. That is 12.2% improve over June 2020 and 36.5% improve over July 2019.
— Imran Khan (@ImranKhanPTI) August 17, 2020
Final week, PM Imran had appreciated abroad Pakistani employees for sending extra remittances by way of banking channels.
“Remittances for the past fiscal year came in much higher at 9.7 percent annual growth and totaled $21.8 billion for the year,” Prime Minister Imran Khan mentioned in a tweet.
In his assertion, the prime minister had thanked abroad employees for the remittances, which he mentioned had been a lot larger than the earlier 12 months after they grew solely 2.9%.
Based on the State Financial institution of Pakistan, abroad Pakistanis remitted $21,841.50 million throughout fiscal 12 months 2018-19, displaying a development of 9.68% in contrast with $19,913.55mn throughout the identical interval within the earlier 12 months.
Remittances acquired from Malaysia, Norway, Switzerland, Australia, Canada, Japan and different nations throughout June 2019 had amounted to $198.81mn collectively as towards $199.47mn acquired in June 2018.