LAHORE – Workers’ remittances have fallen by 22 percent to $2.184 billion in June 2023 as compared with $2.79 during the same month last year, reveals State Bank of Pakistan on Monday.
However, remittances increased by 3.9 percent as compared to the last month.
Cumulatively, at US$ 27.024 billion, remittances decreased by 13.6 percent during financial year 2023 as compared to $31.279 in FY2022.
As such, remittances in FY23 recorded a mark decline of $4.254 billion.
Workers’ remittances recorded an inflow of US$2.2 billion during June 2023. For detail see https://t.co/rPOvn9Dr8N https://t.co/7XBd4uOcHC#SBPRemittances pic.twitter.com/jf7GNk5l6s
— SBP (@StateBank_Pak) July 10, 2023
Remittances inflows during June 2023 were mainly sourced from Saudi Arabia ($515.1 million), United Kingdom ($343.0 million), United Arab Emirates ($324.7 million) and United States of America ($272.3 million).
