Remittances coming into Pakistan for the period July to February FY21 increased by 24% to touch $18.74 billion (last: $15.104 billion) due to better policy measures undertaken by the GOP and SBP to encourage inflows through formal channels and orderly exchange market conditions.
This was the 9th consecutive month for remittances to be above $2 billion a month with the largest amount coming from Saudi Arabia, United Arab Emirates, United Kingdom and United States. Inflows from Saudi Arabia increased by 19.5% to $5.04 billion, USA increased by 47% to $1.62 billion and UK 57% to $2.53 billion.
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