A report of Arif Habib Limited stated that the remittances received in July-September 2021 were the highest ever for any quarter in Pakistan’s history. “Cumulatively, in fiscal year 2020-21, the overseas Pakistanis remitted $29 billion to Pakistan,” he said. Under the scheme, the overseas Pakistanis would get points by sending their earnings back home, which they could use to avail several services, he said. Terming the quarterly data encouraging, he voiced a firm hope that Pakistan would receive over $32 billion in remittances in FY22. Receipts from the UK stood at $1.12 billion, which were 13.2% higher than the remittances of $985.5 million in the July-September period of last year.

Source: The Express Tribune October 09, 2021 03:45 UTC