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Friday, January 10, 2025

Home Business Pakistan records remittances inflow of $2.9 billion in November 2024

Pakistan records remittances inflow of $2.9 billion in November 2024

by Staff Report
December 9, 2024
in Business, Featured

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KARACHI – Pakistan recorded workers’ remittances inflow of $2.9 billion during November, 2024.

As per the data released by the State Bank of Pakistan (SBP) on Monday, workers’ remittances increased by 29.1 percent in November 2024 in terms of growth on year on year basis.

Cumulatively, with an inflow of $14.8 billion, workers’ remittances increased by 33.6 percent during Jul-Nov, FY25 compared to $11.1 billion received during Jul-Nov, FY24.

Remittances inflows during November, 2024 were mainly sourced from Saudi Arabia ($729.2 million), United Arab Emirates ($619.4 million), United Kingdom ($409.9 million) and United States of America ($288.2 million).