Worker remittances record 6.4% growth despite COVID-19
Record high workers’ remittances were received in June 2020, when Workers’ remittances rose by a significant 50.7% during June 2020 to reach record high US dollars.
As compared to USD 1,636.4 million in June 2019, workers’ remittances increased to a historic high level of USD 23,120.7 million during the financial year 2020.
The inflow of workers’ remittances registered an increase of a 7.8%
during March-June 2020 pandemic period compared with the corresponding period of 2019.
It is also believed that they sent remittances to support extended families and friends because of Covid-19. In addition to these, efforts by the Government and SBP also played their role in the increased
the flow of workers’ remittances during FY20 in general and Covid-19 period, March till June 2020, in particular