PM satisfied over regular raise in remittances.

ISLAMABAD -- Prime Minister Imran Khan said on Monday that despite Covid-19, there is a good news for our economy as remittances sent by overseas Pakistanis continued to remain above the $2 billion mark for the fourth consecutive month.

'Despite COVID, more good news for our economy,' he wrote in a tweet saying this marks the fourth consecutive month that remittances have remained above two billion dollars. The Prime Minister said that remittances from our hardworking overseas Pakistanis rose to 2.3 billion dollars in September this year, which is 31 percent higher than that in last September and nine percent higher than in August this year.

The country-wise breakup of the remittances showed that the highest amount: $821.55 million: in July came from Saudi Arabia, followed by $538.19 million from the United Arab Emirates (UAE). In June 2020, the remittances from Saudi Arabia and the UAE were $619.43 million and $431.68, respectively.

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Meanwhile, the State Bank of Pakistan (SBP) said that 'cumulatively, workers' remittances rose to a record $7.1 billion' in the first quarter of the ongoing fiscal year. It added that in the last fiscal year, the remittances for the first quarter were $5.5 billion.

The SBP credited the 'sustained growth' in remittances to the efforts of the government made under the Pakistan Remittances Initiative.

According to the State Bank of Pakistan's (SBP) statistics, overseas Pakistanis remitted $443.13 million from Dubai, $393.91...

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