Karachi November 11 2022: In October 2022, workers’ remittances recorded an inflow of US$2.2 billion indicating a 9 percent decrease over last month, according to data released by State Bank of Pakistan.
During October 2022, remittances decreased by 9.1 percent on month on month and by 15.7 percent on year on year basis.
With the cumulative inflow of US$ 9.9 billion during Jul-Oct FY23, decreasing by 8.6 percent as compared to the same period last year.
Remittances inflows during October 2022 were mainly sourced from Saudi Arabia ($570.5 million), the United Arab Emirates ($427 million), the United Kingdom ($278.8 million) and the United States of America ($253.1 million).
