Facilitating the nation over the record surge in foreign remittances, in a statement, he also expressed gratitude to overseas Pakistanis for sending record 2.9 billion dollar remittances in November this year.
PM Shehbaz Sharif said during the first five months of the current fiscal year, remittances reached 14.8 billion dollars, showing a surge of 33.6 percent, which is welcoming and will yield promising results for the economy.
Shehbaz Sharif said overseas Pakistanis are Pakistan’s ambassadors and our pride and resolution of their problems is the foremost priority of the government.
He said bringing foreign investment into the country, record reduction in inflation and economic stability is the result of the hard work of the entire government team.
Pakistan’s remittances climbed by 33.6% to $14.8 billion
The premier said the overseas Pakistanis are our precious asset and are highlighting Pakistan’s name in the entire world through their talent and potential.
The workers’ remittances increased by 33.6 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, according to the latest data of Sthe tate Bank of Pakistan (SBP) released on Monday.
The remittances reached US$ 14.8 billion during July-November 2024-25 as against the remittances of US$ 11.1 billion received during July-November 2023-24.
On a year-on-year basis, workers’ remittances during November 2024 recorded an inflow of US$ 2.9 billion, posting an increase of 29.1 percent as compared to the same month of last year.
Remittances inflows during November 2024 were mainly sourced from Saudi Arabia ($729.2 million), the United Arab Emirates ($619.4 million), the United Kingdom ($409.9 million), and the United States of America ($288.2 million).
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