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Pakistani remittances remained the same for the 10th month in a row, PM hailed the increase
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ISLAMABAD, 13 April, 2021 (TON): Over $2 Billion Pakistan’s remittances remained in March for the 10th month, central bank said.
On Monday, the State Bank of Pakistan said in a statement, that the remittances rose to $2.7 billion in March 2021 that was 20 per cent higher than those of February and 43 per cent higher than those of March 2020.
The statement said, "Cumulatively during July-March of FY21 (from July 2020 to June 2021), remittances have risen to $21.5 billion, up by 26 per cent over the same period of FY20."
"Orderly foreign exchange market conditions are also continuing to contribute to this sustained rise in workers' remittances," the statement said.
However, on Monday, the Prime Minister of Pakistan Imran Khan lauded the overseas Pakistanis and hailed the increase in the remittances.
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