Remittances to Pakistan has Reached New Heights
Pakistan, Jan. 13 -- The inflows of workers' remittances amounted to $2.097 billion, a seven month high since May 2019. It is 15.25% higher than $1.819 billion of November 2019 and 20% higher than December 2018, in which $1.748 billion inflows were recorded.
Remittances sent by overseas Pakistanis increased by 3.31% during the first half-year (July-December) of this fiscal year (FY20) as compared to the corresponding period of last fiscal year (FY19).
According to the State Bank of Pakistan (SBP), overseas Pakistani workers remitted $11.395 billion in July to December of FY20 compared to $11.03 billion received during the same period in the preceding year.
With an increase of 6.44%, some $1.753 billion were received from the UK. Simila...
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