Karachi May 13 2022: With US $3.1 billion inflows during April 2022, workers’ remittances crossed $3 billion for the first time ever, according to data published by State Bank of Pakistan.
In terms of growth, during April 2022, remittances increased by 11.2 percent on month on month basis and 11.9 percent on year on year basis.
Cumulatively, at $ 26.1 billion, remittances grew by 7.6 percent during 10 months of FY22 compared to the same period last year.
Remittances’ inflows during April 2022 were mainly sourced from Saudi Arabia ($707 million), United Arab Emirates ($614 million), United Kingdom ($484 million) and the United States of America ($346 million).
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