Remittances from Pakistani workers employed abroad surged to $15.8 billion during the first half (July-December) of the current fiscal year 2021-22, 11.3% higher than a year earlier.
According to the State Bank of Pakistan (SBP), the country received $14.2 billion in remittances in the same period of previous year.
“Proactive policy measures by the government and the State Bank of Pakistan to incentivise the use of formal channels and altruistic transfers to Pakistan amid the pandemic have positively contributed towards sustained inflows of remittances since last year,” the SBP said in a statement on Friday.