Pak Economy Remittances enhance

On Monday, the Prime Minister of Pakistan broke the good news to the nation. The good news belongs to the economy of Pakistan, as the country’s economy underwent a jump of 31.2 percent.

1/3 In September, workers’ remittances continued their strong performance, remaining above $2 billion for the fourth consecutive month. They increased to $2.3 billion, 31.2% higher than last September, and 9% higher than in August. Details: https://t.co/sRqu5YvB0f
— SBP (@StateBank_Pak) October 12, 2020

Remittances of $2.3 Billion were issued to Pakistan in the month of September via the reopening of considerable host spots in countries around the world.

Despite Covid more good news for our economy. Alhamdulillah, remittances from our hardworking overseas Pakistanis rose to $2.3 bn in Sept 2020, 31% higher than last Sept & 9% higher than August 2020. This marks the 4th consecutive month that remittances have remained above $2 bn
— Imran Khan (@ImranKhanPTI) October 12, 2020

Moreover, the data delivered by the State Bank of Pakistan presents that these host destinations include the United States, the Middle East, and Europe.

The remittances in the month of September were noticed to be around $2 Bn. They remained constant for the fourth month of successively.
Comparatively, in the same month last year, the remittances were 31.2pc more. Furthermore, they soared up to 9pc currently in comparison to August.

indeed alot of people are laid off – and pakistan will have tough time to uphold these levels of remittance going forward but US UK numbers are not linked to layoffs – there is some exceptional work from @StateBank_Pak along with covid damage to other channels
— Ovais (@Sabbandkardo) October 12, 2020

This good economic news foretells that the nation is going to get its economy flourishing in the near future.

Tags: Economy Economy of pakistan Finance remittances State Bank of Pakistan