KARACHI : Overseas Pakistani made history by sending remittances of $3.1 billion in April . This is the highest ever remittances Pakistan received ever in its history of 75 years. Overseas Pakistanis have sent home highest ever remittances at a time when Pakistan is facing serious financial crisis and its finding difficult to get financial support from any external source including the international donors and those countries which always extended a helping hand to bail out Islamabad on financial difficulties.
The State Bank of Pakistan (SBP) on Friday issued the details of the remittances sent by the overseas Pakistanis in April this year. The SBP statement issued on May 13, 2022 said “ With $3.1 billion inflows in April 2022, workers’ remittances crossed $3 billion for the first time ever”.
It added that in terms of growth in April remittances increased by 11.2 percent on m/m basis and
11.9 percent on y/y basis. It said cumulatively with $ 26.1 billion, remittances grew by 7.6 percent during 10 months of FY22 compared to the same period last year. • Remittances’ inflows during April 2022 were mainly sourced from Saudi Arabia ($707 million), United Arab Emirates ($614 million), United Kingdom ($484 million) and the United States of America ($346 million)
