Overseas Pakistanis Broke Remittances Record in FY21
The highest inflows came from Saudi Arabia and UAE that remained at $7.6 billion and $6.1 billion respectively
The confidence of overseas Pakistanis in the incumbent government and its economic policies is growing as they sent record remittances in the fiscal year 2020-2021 (FY21).
The ex-Special Assistant to the Prime Minister for Overseas Pakistanis Zulfi Bukhari shared the figures on Twitter.
He wrote that overseas Pakistanis sent some $29.4 billion to their native country in FY21.
During FY21 #OverseasPakistanis sent the highest remittances in history of 🇵🇰 at $ 29.4Bn. Goes on to show trust on PMIK’s govt. IA as I predicted a couple years back, we will get it up to 32Bn. There can be no better way to thank them than giving more facilities & voting rights. pic.twitter.com/izYL8VJ2Re
— Sayed Z Bukhari (@sayedzbukhari) July 13, 2021
The figure was $23.13 billion in FY20 while the inflows saw an increase of 27% in the preceding fiscal year. An aggregate rise of 8% on month-over-month (MoM) basis was also recorded in the last financial year.
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In FY21, the highest inflows came from Saudi Arabia and UAE that remained at $7.6 billion and $6.1 billion respectively.
The third in the last was the UK with remittances of around $4 billion.
The ex-minister wrote that the government will get the figure up to $32 billion.
Zulfi Bukhari said that the best way the overseas Pakistanis could be rewarded is the provision of more facilities to them along with voting rights.
