Lahore: Due to government measures and the efforts of Finance Minister Muhammad Aurangzeb, the country’s remittances are showing an improvement this year.
State Bank of Pakistan (SBP) sources told reporter that overseas Pakistanis sent more money to Pakistan during the current fiscal year than the last year, with the cash sent home by overseas Pakistanis increasing by 34 percent to $14.8 billion.
Sources say that this increase in remittances has come after a crackdown on unofficial buying and selling of dollars. Federal Finance Minister Muhammad Aurangzeb in his recent statement expressed expectations that remittances will increase from $30 billion last year to a record high of $35 billion this year.