Pakistan receives US$ 2.768 billion in remittances from overseas diaspora: PM Imran Khan

Prime Minister Imran Khan has lauded the remittances from overseas Pakistani amounting to US$2.768 billion in July 2020.

The premier took to social media to praise the efforts and contributions made by overseas Pakistani for country’s well-being and progress.

“More good news for Pak economy. Remittances from overseas Pakistanis reached $2,768 million in July 2020,” he tweeted.

PM Imran Khan highlighted that this reflects an increase of 12.5 per cent and 35.5 percent over the June 2020 and July 2019 remittances respectively.

Prior to this Imran Khan had congratulated the nation on upturn of the economy after two years of struggle.

Read More: PM Imran Khan lauds ‘Blue Economy policy

Current Account and Fiscal deficits are down, construction industry and through it job creation is taking off because of government’s special incentives. meanwhile stock market is also up and exports, revenues, cement and car sales are up as well, he said in is Independence Day message on August 14.

After long negotiations we have signed new agreement with IPPs which will bring down cost of power generation and reduce circular debt, he added.