Overseas Pakistanis sent ارب 2.5 billion to Pakistan in December
According to the data released by the State Bank of Pakistan Overseas Pakistanis in December 2.5 Send billions of dollars to Pakistan. They have been sending more than 2 2 billion a month since June 2020.
According to the report, overseas Pakistanis sent 2. 2.4 billion to Pakistan in November, and remittances increased by 2.5% on a monthly basis to 2.5 2.5 billion in December. On a year-on-year basis, remittances increased by 3.4 percent.
In the first half of fiscal year 2022, remittances totaled 15.8 billion, up 11.3 percent from the same period last year.
In December, the majority of Pakistanis received 62 626 million from Saudi Arabia, 45 453 million from the United Arab Emirates, 34 340 million from the United Kingdom and 24 248 million from the United States.
According to the central bank, among the factors that have contributed to the steady influx of workers’ remittances since last year is the active policy initiatives of the government and the SBP to encourage remittances through formal channels. Transfers are included.
The SBP also introduced Roshan Digital Account for Overseas Pakistanis in September 2020 to increase remittances. Surprisingly, روشن 244 million is reaching Pakistan daily through Roshan Digital Accounts. In all, about 16 3.16 billion has so far reached Pakistan from these accounts.