Karachi November 10 2023: Pakistan workers’ remittances recorded an inflow of US$2.5 billion during Oct 23, according to data released by State Bank of Pakistan.
In terms of growth, during Oct 2023, remittances increased by 11.5 percent on m/m and 9.6 percent on y/y basis.
Workers’ remittances inflow of US$ 8.8 billion has been recorded during first four months of FY24.
Remittances inflows during Oct 2023 were mainly sourced from Saudi Arabia ($616.8 million), United Arab Emirates ($473.9 million), United Kingdom ($330.2 million) and United States of America ($283.3 million).
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