Abb Takk News

Remittances Soar Above $3b For First Time

KARACHI: Pakistan created history in April 2022 as the receipt of workers’ remittances exceeded expectations by a staggering 12% to a record high of $3.12 billion compared to $2.79 billion in April 2021.

The receipt of much-needed foreign exchange in these testing times when a geopolitical and economic crisis had engulfed Pakistan pushed total remittances to an all-time high at $3.1 billion in the previous month ended April 30, the State Bank of Pakistan (SBP) reported on Friday.