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July 14, 2020

Remittances hit record high $23.120bln in FY20

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July 14, 2020

KARACHI: Remittances flowing into Pakistan jumped 6 percent to an all-time high of $23.120 billion in the full 2019/20 fiscal year as overseas workers were able to send money home after countries started easing COVID-19 lockdowns around the world, central bank data showed on Monday. Pakistan had received $21.739 billion in the corresponding period of previous fiscal year.