KARACHI: Remittances from Pakistani workers employed abroad increased to $2.3 billion in September, a 31.2pc rise Year-on-Year (YoY) and up 9pc compared to the previous month, the country’s central bank said on Monday. Remittances remained above $2 billion for a fourth consecutive month, capping a higher than expected inflow of finances in the first quarter of FY2020-21 for the South Asian nation, which has struggled with current account deficits and a depreciating currency. The details show that in September, the worker’s inflow from USA stood at $180.35 million, while an amount of $289.3 million was sent from United Kingdom. Similarly from Saudi Arabia, Dubai, Abu Dhabi, Sharjah, Bahrain, Kuwait, Qatar, and Oman, the workers’ inflow was recorded as $665.8 million, $364.1 million, $68.26 million, $68.68 million, and $86.04 million respectively. “Despite Covid-19 more good news for our economy,” Prime Minister Imran Khan tweeted on Monday before the central bank released the numbers.

Source: Pakistan Today October 12, 2020 10:07 UTC