Remittances increased to a new record of $18 billion in the first seven months of financial year 2021-22, rising by 9.1% compared to the same period of the preceding year, as per the report of WealthPK.
Workers’ remittances remained above $2 billion for 20 consecutive months in January 2022, $2.14 billion to be exact.
The main contributors of remittances are Saudi Arabia, the United States, United Arab Emirates, and the UK, as shown by the State Bank of Pakistan (SBP) data.
Saudi Arabia contributed the highest share in remittances as inflows from the Kingdom increased by 2% in the FY2022.
