Karachi July 10 2023: Pakistan workers’ remittances recorded an inflow of USD 27.0 billion during fiscal year 2023, according to State Bank of Pakistan.
Workers’ remittances recorded an inflow of USD 2.2 billion during June 2023, which is 22 percent lower than that of corresponding period last year .
In terms of growth, during June 2023, remittances increased by 4 percent on m/m and decreased by 22 percent on y/y basis.
With cumulative inflows of USD 27.0 billion during FY23, workers’ remittances decreased by 13.6 percent as compared to last year
Remittances inflow during fiscal year 2023 was mainly sourced from Saudi Arabia (USD 6.4 billion down 17 percent), United Arab Emirates (USD 4.6 billion down 20 percent), United Kingdom (USD 4.1 billion down 10 percent) and United States of America (USD 3.1 billion increased by 0.1 percent).
