Pakistan receives record foreign remittances in September

The remittances inflows from overseas Pakistanis to their homeland stood at a level of $2.7 billion in the month of September 2021, maintaining the strong momentum and support of the country’s economy.

Cumulatively, at $8.0 billion, remittances grew by 12.5 percent during the first quarter of the fiscal year 2021-2022 over the same period last year. This is one of the highest ever inflows of remittances recorded in a single quarter.

This is the seventh consecutive month in which the inflows were recorded at around $2.7 billion on average.

The inflows of remittances increased by 16.9 percent on a year-on-year basis in September and went up by 0.5 percent on a month-on-month basis according to the State Bank of Pakistan.

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