Islamabad: Prime Minister (PM) Imran Khan stated that Pakistan has had a ‘record-breaking’ month in December when it received USD 2.4 billion in remittances, according to a news report published on January 8. The prime minister also thanked overseas Pakistanis for their support on this front.
He stated that for six consecutive months, Pakistan has received remittance above USD 2 billion. Reportedly, the total number of remittances received during the last six months collectively amount to USD 14.2 billion.
According to the State Bank of Pakistan, the significant growth trend reflects the government and central bank’s efforts ‘to formalise remittances under Pakistan Remittances Initiative (PRI), growing use of digital channels amid limited international travel, orderly exchange market conditions and improved global economic activity’.