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Saturday, November 23, 2024

Home Business Pakistan records workers’ remittances inflow of $3.1 billion in October 2024

Pakistan records workers’ remittances inflow of $3.1 billion in October 2024

by Staff Report
November 8, 2024
in Business

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KARACHI – Pakistan recorded workers’ remittances inflow of $3.1 billion during October 2024.

Per the data released by the State Bank of Pakistan (SBP) on Friday, workers’ remittances increased by 23.9 per cent on year on year basis.

Workers’ remittances inflow rose by 6.7 per cent on month on month basis.

Cumulatively, with inflow of $11.8 billion, workers’ remittances increased by 34.7 per cent during July-October 2024 compared to $8.8 billion received during July-October 2024.

Workers’ remittances inflows during October 2024 were mainly sourced from Saudi Arabia ($766.7 million), United Arab Emirates ($620.9 million), United Kingdom ($429.5 million) and United States of America ($299.3 million).