PM thanks overseas Pakistanis for sending record $2.4bn remittances

ISLAMABAD: Prime Minister Imran Khan on Friday thanked the overseas Pakistanis for sending record $2.4 billion remittances in December, 2020, ARY News reported.

Taking to social networking website, Twitter, PM Imran said, “I want to thank our overseas Pakistanis for yet another record-breaking month of remittances in December: $2.4 bn.”

He maintained that for the first time in the history of Pakistan remittances have been above $2 billion for the sixth consecutive month.

The prime minister said that overseas Pakistani workers remitted $14.2 billion during the past six months showing a growth of 24.9 per cent as compared to the same period in the preceding year.

I want to thank our overseas Pakistanis for yet another record-breaking month of remittances in Dec: $2.4 bn. MashaAllah, 1st time in Pakistan remittances have been above $2 bn for 6 consecutive months. Total for 6 months of this fiscal year $14.2 bn – a 24.9% growth over last yr

— Imran Khan (@ImranKhanPTI) January 8, 2021

Earlier on July 12, workers’ remittances remained above $2 billion for a record fifth consecutive month in October 2020, the State Bank of Pakistan (SBP) had said.

According to figures released by the central bank, Pakistan had received $2.3 billion on account of workers’ remittances during October 2020, about the same as last month but 14 per cent higher than last year’s corresponding period.

During July-October period of the current fiscal year, remittances had increased to $9.4 billion, recording a growth of 26.5 per cent as compared to the same period last year.