Imran lauds Pak expats after remittances break ‘all records'

Remittances of $2.7b in March from Pakistani workers employed abroad exceeded $2b for the 10th consecutive month, and were up 43% from a year earlier, says central bank

- Tariq Butt

ISLAMABAD

Prime Minister Imran Khan on Monday praised overseas Pakistanis with some warm words as remittances sent by them home in March 2021 broke all records.

Taking to Twiter, Imran shared data of remittances and praised the overseas Pakistanis for their unparalleled love and commitment to the country.

He wrote: “The love and commitment of Overseas Pakistanis to Pakistan is unparalleled. You sent over $2b for 10 straight months despite COVID, breaking all records. Your remittances rose to $2.7b in March, 43% higher than last year. So far this fiscal year, your remittances rose 26%. We thank you.”

According to a State Bank of Pakistan (SBP) statement, the workers’ remittances extended their unprecedented streak of above $2 billion for the 10th consecutive month in March.

Remittances rose to $2.7 billion in March this year, 20 per cent higher than last month and 43 per cent higher than March 2020.

Cumulatively during July-Mar FY 21, remittances have risen to $21.5 billion, up by 26 per cent over the same period of FY20.