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Saturday, November 2, 2024

Home Business Pakistan records remittances inflow of $2.2bn during February 2024

Pakistan records remittances inflow of $2.2bn during February 2024

by Staff Report
March 8, 2024
in Business, Pakistan

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KARACHI – Pakistan recorded workers’ remittances inflow of $2.2 billion during February 2024.

As per the data released by the State Bank of Pakistan (SBP) on Friday, remittances decreased by 6.2 per cent on month on month and increased by 13 per cent on year on year basis.

Workers’ remittances inflow of $18.1 billion has been recorded during the first eight months of FY24. Remittances inflows during February 2024 were mainly sourced from Saudi Arabia ($539.8 million), the United Arab Emirates ($384.7 million), the United Kingdom ($346.0 million) and the United States of America ($287.4 million).