KARACHI, Oct 08 (APP):With dollars 2.7 billion of inflows during Sept. 2021, Pakistan\u2019s overseas workers’ remittances continued their strong momentum and remained above US $ two billion since June 2020.<\/p>\n
It was seventh consecutive month when inflows recorded around US $ 2.7 billion on average. In terms of growth, remittances increased by 16.9 percent year-on-year in September, while on month on month basis the inflows were increased by 0.5 percent. \t \t \t <\/p>\n
Cumulatively, at US $ 8.0 billion, remittances grew by 12.5 percent during the first quarter of this year over the same period last year, said SBP statement on Friday.<\/p>\n
Remittance inflows during Sept. 2021 were mainly sourced from Saudi Arabia ( US $ 691 million), United Arab Emirates (US $ 502 million), United Kingdom (US $370 million) and the United States (US $ 245 million).<\/p>\n
Proactive policy measures by the government and State Bank of Pakistan to incentivize the use of formal channels, curtailed cross-border travel in the face of COVID-19, altruistic transfers to Pakistan amid the pandemic, and orderly foreign exchange market conditions had positively contributed towards the sustained improvement in remittance inflows since last year.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI, Oct 08 (APP):With dollars 2.7 billion of inflows during Sept. 2021, Pakistan\u2019s overseas workers’ remittances continued their strong momentum and remained above US $ two billion since June 2020. It was seventh consecutive month when inflows recorded around US $ 2.7 billion on average. […]<\/p>\n
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