The PM congratulates the country on the record-breaking rise in remittances.
Shehbaz Sharif, the prime minister, said the 29% rise in foreign remittances in November 2024 compared to the same period last year is evidence of the trust that Pakistanis abroad have in the government’s policies.
In a statement, he thanked Pakistanis living abroad for sending a record 2.9 billion dollars in remittances in November of this year, helping the country overcome the record spike in foreign remittances.
Remittances increased by 33.6 percent to $14.8 billion in the first five months of the current fiscal year, according to Prime Minister Shehbaz Sharif. This is encouraging and should have positive effects on the economy.
Shehbaz Sharif stated that Pakistanis living abroad serve as our ambassadors and that the government’s top priority is to address their issues.
As a consequence of the efforts of the entire government team, he continued, the country has seen a record drop in inflation, economic stability, and foreign investment.
The prime claimed that Pakistanis living abroad are our most valuable resource, showcasing Pakistan’s name globally with their abilities and potential.
State Bank of Pakistan (SBP) data issued on Monday shows that remittances from workers climbed by 33.6% in the first five months of the current fiscal year compared to the same period the previous year.
In comparison to the $11.1 billion in remittances received in July-November 2023-24, the total amount of remittances received during July-November 2024-25 was $14.8 billion.
Workers’ remittances had an inflow of US$ 2.9 billion in November 2024, a 29.1% rise over the same month the previous year.
Inflows of remittances in November 2024 were primarily from the United States to America ($288.2 million), Saudi Arabia ($729.2 million), United Arab Emirates ($619.4 million), and the United Kingdom ($409.9 million).Shehbaz Sharif, the prime minister, said the 29% rise in foreign remittances in November 2024 compared to the same period last year is evidence of the trust that Pakistanis abroad have in the government’s policies.
In a statement, he thanked Pakistanis living abroad for sending a record 2.9 billion dollars in remittances in November of this year, helping the country overcome the record spike in foreign remittances.
Remittances increased by 33.6 percent to $14.8 billion in the first five months of the current fiscal year, according to Prime Minister Shehbaz Sharif. This is encouraging and should have positive effects on the economy.
Shehbaz Sharif stated that Pakistanis living abroad serve as our ambassadors and that the government’s top priority is to address their issues.
As a consequence of the efforts of the entire government team, he continued, the country has seen a record drop in inflation, economic stability, and foreign investment.
The prime claimed that Pakistanis living abroad are our most valuable resource, showcasing Pakistan’s name globally with their abilities and potential.
State Bank of Pakistan (SBP) data issued on Monday shows that remittances from workers climbed by 33.6% in the first five months of the current fiscal year compared to the same period the previous year.
In comparison to the $11.1 billion in remittances received in July-November 2023-24, the total amount of remittances received during July-November 2024-25 was $14.8 billion.
Workers’ remittances had an inflow of US$ 2.9 billion in November 2024, a 29.1% rise over the same month the previous year.
Inflows of remittances in November 2024 were primarily from the United States to America ($288.2 million), Saudi Arabia ($729.2 million), United Arab Emirates ($619.4 million), and the United Kingdom ($409.9 million).