Inflows from GCC countries account for over 58pc of total amount in December.
The prices of perishable food items declined by 0.6pc, while those of the transport sector fell 3.5pc.
According to the State Bank of Pakistan, foreign exchange reserves are now at their highest level in three years.
Outflows from the power and communication sectors stood at $83.2m and $23.7m respectively.
"At a time when global economy is in deep recession, the industry is driving economic growth & recovery in Pakistan," says Hammad.
Commercial banks, cement and oil & gas marketing companies were the top losers during intra-day trade.
In its meeting, MPC has noted that "domestic recovery has gradually gained traction".
"The surplus came on the back of a sustained increase in remittances and smaller trade deficit," the SBP says.
The rupee fell by Rs1.52, or 1 per cent, in the interbank market to close at Rs159.83 against the dollar.
Dollar cost Rs159.83 by the end of Wednesday's session, according to State Bank data.
During the last month, China invested $228.7m in the country, data from the State Bank of Pakistan shows.
Investor sentiments weighed down by coronavirus situation despite strength of rupee, improvement in remittances.
During the four months from July to October, remittances clocked in at $9.4bn, up 26.5pc over the same period last year.
Bloomberg data shows Pakistani rupee is the third best performing currency in Asia, having appreciated 3.1pc since Oct 1.
Data shows that Pakistan’s annual cotton production has fallen from 11.9m bales in FY18 to 9.17m bales in FY20.
Rise in remittances, quarterly current account surplus and deferment of debt servicing by G20 have all led to appreciation of PKR.
Investors buying into decline expecting to book gains as stocks gain momentum, implying market oversold yesterday, says analyst.
Shares at PSX follow global trend on the back of uncertainty from rising cases, falling oil prices & likely impact of US polls.
Benchmark KSE-100 mimics global markets, sheds over 1,900 points after govt curtails commercial, social activities in 11 cities.
Hammad Azhar says stock market rally along with other factors points towards a "positive economic sentiment" in the country.