KARACHI: According to the data released by the State Bank of Pakistan (SBP), the value of remittances has exceeded the $2bn mark for the ninth consecutive month.
The value of remittances sent by overseas Pakistanis is recorded at $2.2bn in the month of February 2021 which has shown a growth of 24.2% as compared to the value recorded in February 2020.
Moreover, the central bank has termed the growth of the remittance during July-Feb FY21 unprecedented as the inflows from overseas Pakistanis were recorded at $18.7bn during this period.
Increase in remittances corresponds to the use of banking channels introduced by the government for overseas Pakistanis for sending their money to Pakistan.
For news and blogs, visit Graana.com.