Karachi January 13 2023: During December 2022, Pakistan remittances decreased by 3.2 percent on month on month and by 19.0 percent on year on year basis to a low of 31 months since May 2020.
During July to December remittance amounted to $14.1 billion, decreased by 11.1 percent as compared to the same period last year.
Encouragingly, Remittances from UK, Saudi Arabia and USA witnessed increased when compared with remittances of previous month.
Remittances inflows during December 2022 were mainly sourced from Saudi Arabia ($516.3 million), United Arab Emirates ($328.7 million), United Kingdom ($314.2 million) and United States of America ($230.5 million).
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