Overseas Pakistanis have full confidence in PM Imran Khan, set a new record by sending 2 billion in remittances for six consecutive months

Most remittances from abroad were sent by Pakistanis living in Saudi Arabia, followed by remittances from the UAE, the Prime Minister thanked in his tweet.The economic situation around the world is currently deteriorating due to the Corona epidemic, but Pakistanis living in other countries, expressing their full confidence in the instructions of the Prime Minister of Pakistan Imran Khan, sent more than  2 billion a month for six consecutive months. Has set a new record. Pakistanis living in Saudi Arabia are the first to send more remittances from abroad while Pakistanis living in the UAE are the second largest.

According to Urdu News, the State Bank of Pakistan's monthly report on remittances stated that last month, in December 2020, remittances from Pakistanis abroad amounted to 2.4 billion. This is the sixth consecutive month that the total remittances have exceeded 2 billion a month.Overseas remittances totaled more than 14.2 billion in the first six months of fiscal year 2020-21.

In the same period in 2019, remittances were 11.37 billion. According to the SBP, in these six months, Pakistanis living in the Gulf countries sent 1.61 billion dollars to Pakistan, of which 3.95 billion dollars were sent to Pakistan from Saudi Arabia. In December 2020, 24 62.4 million was sent from Saudi Arabia, while 51.1 million was sent to Pakistan from the United Arab Emirates.

Compared to December 2019, the growth rate was 24 and 18 percent respectively. In addition, remittances from the United Kingdom were 32.4 million, the United States 23 million and European countries 24.6 million dollars. Prime Minister Imran Khan He thanked Pakistanis abroad for sending record remittances.

In his tweet, the Prime Minister said, “I am grateful to Pakistanis overseas for their remittances and for the record-breaking month (December: 4 2.4 billion). For the first time, Pakistan's remittances exceeded 2 2 billion for six consecutive months. The total volume of remittances for the first six months of the current financial year stood at .2 14.2 billion, up 24.9% from the previous year.