The country received remittances worth $2.26 billion in February, which was 24% higher than $1.82 billion in the same month of previous year. Cumulatively, in the first eight months (July-February) of the current fiscal year, the remittances grew 24% to $18.74 billion compared to $15.10 billion in the same period of last year. Country-wise remittancesPakistanis sent 4% higher remittances at $533 million from Saudi Arabia in February compared to $513 million in the same month of last year. Meanwhile, remittances from USA rose 53% to $211 million compared to $138 million. Remittances from other parts of the world also remained stable or improved in February.

Source: The Express Tribune March 12, 2021 03:33 UTC