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Pakistan's overseas remittances exceed $2bn in March

Pramod Thomas
By Pramod ThomasApr 12, 2021
Pramod Thomas
Pramod Thomas is a senior correspondent with Asian Media Group since 2020, bringing 19 years of journalism experience across business, politics, sports, communities, and international relations. His career spans both traditional and digital media platforms, with eight years specifically focused on digital journalism. This blend of experience positions him well to navigate the evolving media landscape and deliver content across various formats. He has worked with national and international media organisations, giving him a broad perspective on global news trends and reporting standards.
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REMITTANCES of $2.7 billion in March from Pakistani workers employed abroad exceeded $2bn for the 10th consecutive month, and were up 43 per cent from a year earlier, the central bank said on Monday (12).

Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with limited cross-border travel, medical expenses and altruistic transfers amid the pandemic to fuel the rise, it said in a statement.

"The love and commitment of overseas Pakistanis to Pakistan is unparalleled," prime minister Imran Khan said on Twitter.

"You sent over $2 billion for 10 straight months despite Covid, breaking all records. We thank you."

The inflows came mainly from the nations of Saudi Arabia, standing at $5.7bn, the United Arab Emirates, at $4.5bn; with $2.9bn from Britain and $1.9bn from the US, the central bank said.

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