The State Bank of Pakistan announced on Monday that the remittances remained above $2 billion for 8th straight month as during the corresponding month, the inflow was recorded at $2.3 billion as compared to the inflow of $1.907 billion in January 2020.
The scheme will cost the government Rs450 billion and will provide free medical treatment to the people at government and private hospitals. Each family can avail treatment worth Rs1 million annually.
Under the programme, a mobile application will be introduced and more remittance facilities will be extended to overseas Pakistanis besides provision of financial incentives.
Remittances from overseas Pakistanis during December 2020 rose by 16.2 per cent year-on-year to $2.436 billion, compared to $2.097b in December 2019, clocking in above $2b mark for the seventh consecutive month, according to the latest data released by the State Bank of Pakistan.
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