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Remittances up 31% in first two months of the year: PM Imran



Prime Minister Imran Khan said on Monday that the remittances received by the country increased by 31% in the first two months of the fiscal year compared to the same period last year.

Praising Pakistanis overseas, the prime minister said remittances of $ 2,095 million were received in August, an increase of 24.4%.

Pakistanis overseas sent $ 2,095 million in remittances in August 2020 – 24.4% more than in August last year – on top of a record $ 2,768 million in July 2020. For the first two months of this fiscal year, our remittances increased by 31% compared to the same period last year. Al Hamdulillah

– Imran Khan (mImranKhanPTI) September 14, 2020

Earlier in July, the prime minister said remittances to Pakistan reached $ 2,768 million in July 2020 – the highest ever in a month in Pakistan’s history.

The country breakdown of remittances showed that the highest amount – $ 821.55 million – in July came from Saudi Arabia, followed by $ 538.19 million from the United Arab Emirates (UAE). As of June 2020, remittances from Saudi Arabia and the United Arab Emirates stood at $ 619.43 million and $ 431.68 respectively.

According to statistics from the State Bank of Pakistan (SBP), overseas Pakistanis transferred $ 443.13 million from Dubai, $ 393.91 million from UK, $ 250.6 million from the United States, $ 88.29 million from Abu Dhabi and $ 4.69 million from Sharjah in July.

Remittances from other Gulf countries were recorded at $ 296.95 million, including $ 42.62 million from Bahrain, $ 69.83 million from Kuwait, $ 82.49 million from Qatar and $ 102 million. of Oman dollars. SBP data, however. Showed a significant drop in US remittances to $ 250.6 million in July, from $ 451 million in June.

Remittances received from European countries last month were $ 227.57 million. They included Germany $ 35.34 million, France $ 32.99 million, the Netherlands $ 4.5 million, Spain $ 38.9 million, Italy $ 49.46 million. dollars, Greece $ 20.01 million, Sweden $ 4.85 million, Denmark $ 6 million, Ireland $ 12.25 million and Belgium $ 23.27 million.

Pakistan received $ 22.25 million from Malaysia, $ 10.91 million from Norway, $ 2.83 million from Switzerland, $ 52.11 million from Australia, 43.13 million from Canadian dollars and 9.31 million Japanese dollars. The SBP said $ 98.82 million had been received from other countries, for a total of $ 2,768.13 million as of July 2020. As of June 2020, the total remittances received from these countries were amounted to $ 2,466.28 million.

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