Karachi October 11 2023: Pakistan workers’ remittances recorded an inflow of USD 2.2 billion during September 2023, according to data released by State Bank of Pakistan.
In terms of growth, during Sep 2023, remittances increased by 5.3 percent on m/m. Workers’ remittances inflow of USD 6.3 billion has been recorded during Q1FY24.
Workers remittance post significant increase of 30 percent from UAE as flows from Abu Dhabi witnessed highest growth of 40 percent during the month of September 2023.
Remittances inflows during Sep 2023 were mainly sourced from Saudi Arabia (USD 538.2 million), United Arab Emirates (USD 400 million), United Kingdom (USD 311.1 million) and United States of America (USD 263.4 million).