Business March 12, 2021 KARACHI: Remittance inflows into Pakistan jumped by nearly 24.2 percent in February to $2.266 billion as government incentives attracted people abroad to send more money home through formal channels, the central bank reported on Thursday. Workers’ remittances reached an unprecedented level of $18.7 billion in the eight months of the fiscal year, up 24.1 percent, compared with the same period a year ago. “Policy measures undertaken by the government and SBP (State Bank of Pakistan) to encourage inflows through formal channels, limited cross-border travel due to COVID-19, medical expenses and altruistic transfers to Pakistan amid the pandemic, and orderly exchange market conditions, contributed to this sustained rise in workers’ remittances,” the SBP said.