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Friday, January 10, 2025

Home Business Pakistan records remittances inflow of $3.1 billion in December 2024

Pakistan records remittances inflow of $3.1 billion in December 2024

by Staff Report
January 10, 2025
in Business, Featured

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

According to data released by the State Bank of Pakistan (SBP) on Friday, remittances increased by 29.3 per cent year over year and 5.6 per cent month over month.

Cumulatively, with an inflow of $17.8 billion, workers’ remittances increased by 32.8 per cent during H1FY25 compared to $13.4 billion received during H1FY24.

Remittance inflows during December 2024 were mainly sourced from Saudi Arabia ($770.6 million), the United Arab Emirates ($631.5 million), the United Kingdom ($456.9 million), and the United States of America ($284.3 million).