Overseas Pakistanis sent $2,095 million in remittances in Aug 2020

Prime Minister Imran Khan said on Monday that Pakistan recorded an increase of 31 per cent in remittances in the first two months of current fiscal year as compared to last year’s the same period. PM Imran Khan took it to twitter to share the news with the people of Pakistan.

Overseas Pakistanis sent $2,095 million in remittances in Aug 2020 — 24.4% higher than Aug. last year — in addition to the record $2,768 million in July 2020. For the first two months of this fiscal year our remittances are up 31% over the same period last year. Alhamdulillah

— Imran Khan (@ImranKhanPTI) September 14, 2020

“Overseas Pakistanis sent $2,095 million in remittances in Aug 2020 — 24.4% higher than Aug. last year — in addition to the record $2,768 million in July 2020. For the first two months of this fiscal year our remittances are up 31% over the same period last year.

“For the first two months of this fiscal year our remittances are up 31% over the same period last year. Alhamdulillah,” he said. On Aug 24, Prime Minister Khan had shared the latest data on the country’s current account balance saying it posted a surplus of $424 million in July 2020.

Here is what he tweeted:-

“MashaAllah Pakistan’s economy is on the right track. After current account balance posted deficit of $613 mn in July 2019 & a deficit of $100 mn in June 2020, in July 2020 current account balance swung upwards to a surplus of $424 mn.”