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Pakistan records remittances inflow of $2.5bn during October 2023

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KARACHI – Workers’ remittances recorded an inflow of $2.5 billion during October 2023.

According to the data released by the State Bank of Pakistan on Friday, workers’ remittances increased by 11.5 per cent on month on month-on-month and 9.6 per cent on a year-on-year basis.

Workers’ remittances inflow of $8.8 billion has been recorded during the first four months of FY24.

Remittances inflows during October 2023 were mainly sourced from Saudi Arabia ($616.8 million), the United Arab Emirates ($473.9 million), the United Kingdom ($330.2 million) and the United States of America ($283.3 million).

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