For the eighth consecutive month, remittances exceeded 2 billion-Read

ISLAMABAD / KARACHI: Prime Minister Imran Khan has said that remittances worth 2 2.27 billion were remitted by Pakistanis abroad in one month and this is the eighth consecutive month in which remittances have exceeded 2 2 billion.

Prime Minister Imran Khan has said in his tweet that remittances from Pakistanis abroad amounted to 2 2.27 billion during January 2021, which is 19 percent more than the same month last year, the eighth consecutive month. In which the volume of remittances was more than 2 billion dollars. So far this year, 24 percent more remittances have been sent than last year, which is a record, for which they are grateful to overseas Pakistanis.

In his second tweet, the Prime Minister also gave good news regarding large scale manufacturing (large scale manufacturing sector) and said that there has been a double digit growth in large scale manufacturing, large scale in December 2020 as compared to December 2019. Manufacturing grew by 11.4%, while large-scale manufacturing grew by 8% from July 2020 to December. The good news in the industrial sector is a reflection of steady growth.

On the other hand, the SBP said in a statement that the value of remittances during January 2021 was close to 2 2.3 billion, which is 19 percent more than in January 2020. However, remittances last month (December 2020) were worth about ارب 2.4 billion. Overall, remittances during July-January this fiscal year have reached close to 16 16.5 billion.

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