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Worker remittances record 6.4% growth despite COVID-19

Web Desk by Web Desk
July 13, 2020
in News
0
Worker remittances record 6.4% growth despite COVID-19
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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

Tags: workers remittance
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