Pakistan remittances may hit $22 billion in 2018-19
Remittances from more than 8 million overseas Pakistanis are likely to post double-digit growth
(Web Desk) -Pakistan is expected to receive remittances worth a record 22 billion dollars in financial year 2018-19 as the government has offered an incentive package to overseas workers to attract more money through official banking channels.
According to Khaleej Times, remittances from more than 8 million overseas Pakistanis are likely to post double-digit growth over 19.62 billion dollars received in 2017-18.The country received remittances worth 19.91 billion dollars, an all-time high, in 2015-16.
Latest data from the State Bank of Pakistan showed that remittances rose 13.14 per cent in the first quarter of fiscal year 2018-19 as overseas workers remitted a record 5.42 billion dollars during July to September 2018 compared to 4.79 billion dollars in the same period last year.
Prime Minister Imran Khan has also expressed his willingness to facilitate overseas Pakistanis to boost remittance inflows up to 40 billion dollars in coming years.
