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Only Pakistani’s Can Pakistan: Remittances up by 42% Year on Years Basis

At $2.7bn, the remittances were up 20% compared to February and 43% compared to March 20. Total $21.5bn during July-March FY21, up 26% over the same period last year.

The remittance flow has increased to 26%, with a record run of above $2 billion in remittances for the 10th consecutive month in March, said the State Bank of Pakistan on Monday.

SBP took it to Twitter saying,

“At $2.7bn, the remittances were up 20% compared to February and 43% compared to March 20. Cumulatively, the remittances have risen to $21.5bn during July-March FY21, up 26% over the same period last year.”

On the occasion Prime Minister Imran Khan lauded the overseas Pakistanis on Twitter, on Monday, for their ‘unparalleled commitment’ to making Pakistan strong.

Pakistan had reported a 24.2% jump in February in remittances. According to the SBP, the development came on the heels of government incentives that attracted people abroad to send more money home through formal channels.

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