Karachi July 18 2022: Pakistan receives remittances of $31.2 bn in FY22, which is up 6% compared to FY21, according to data published by State Bank of Pakistan on Monday.
"As anticipated, remittances in FY22 rose to a record $31.2 bn, up 6% compared to FY21. In June, they rose to $2.8 bn, increasing by 18% compared to May 22 and 2% compared to Jun 21." Says State Bank of Pakistan.
Remittances in June rose 2% to $2.76 billion compared to same month last year.
June remittances up by 18.4 percent when compared with May.
In June, remittances were mainly sourced from Saudi Arabia ($666 million), United Arab Emirates ($495 million), United Kingdom ($455 million) and United States of America ($285 million).