Karachi April 22 2024: Pakistan recorded a current account surplus of $619 million in March 2024, according to data released by State Bank of Pakistan.
Country Worker’s remittance recorded an inflow of US$3.0 billion during March 24. In terms of growth, during March 24, remittances increased significantly by 31.3 percent on m/m basis and 16.4 percent on y/y basis.
Workers’ Remittances inflows during March 24 were mainly sourced from Saudi Arabia (US$703.1 million), United Arab Emirates (US$548.5 million), United Kingdom (US$461.5 million) and United States of America (US$372.5 million).
Cumulatively for Jul-Mar FY24, CAB improved significantly; recording a deficit of $0.5 billion only compared to $4.1 billion in Jul-Mar FY23.
