Overseas Pakistanis remittances reached 10.6 billion dollars

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Overseas Pakistanis remittances

Federal Minister of State for Information and Broadcasting Farrukh Habib has said remittances sent by overseas Pakistanis reached 10.6 billion dollars during the first four months of the current fiscal year.

In a tweet on Monday, he said the remittances are twelve percent higher as compared to the corresponding period of last year and sixty-three percent higher than the first four months of the 2018 fiscal year.

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A day earlier, State Bank of Pakistan (SBP), in a tweet on Sunday, said that Pakistan’s remittance continued to rise after about $2.5 billion were deposited in October, showing a Year on Year (YoY) increase of over 10 percent.

Cumulatively, the remittances have risen to $10.6bn so far in FY22, up 12% over the same period last year.

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