MM News

ISLAMABAD: Prime Minister Imran Khan today (Tuesday) overseas Pakistanis for sending in record remittances and said that he always believed the Pakistani diaspora to be the country’s greatest asset.

“I have always believed Overseas Pakistanis to be our greatest asset. In April, your remittances rose to an all-time high of $2.8 billion,” the premier wrote on his official Twitter account.

I have always believed Overseas Pakistanis to be our greatest asset. In April, your remittances rose to an all-time high of $2.8bn. Remitting $24.2bn in first 10 mths of FY21, you have broken the record level achieved in entire FY20. Thank you for your faith in Naya Pakistan.

— Imran Khan (@ImranKhanPTI) May 18, 2021

The Prime Minister further said, “Remitting $24.2 billion in first 10 months of FY21, you have broken the record level achieved in entire FY20. Thank you for your faith in Naya Pakistan.”

Remittances from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month in March at $2.7 billion — up 43 per cent from a year earlier.

The robust inflows have improved the country’s capacity to make international payments, mainly for imports and foreign debt servicing, and build its foreign currency reserves.

According to the SBP, a large part of the remittances during the July to March period in FY21 came mainly from Saudi Arabia, standing at $5.7 billion; the United Arab Emirates, at $4.5 billion; with $2.9 billion from Britain and $1.9 billion from the United States, the central bank said.