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Wednesday, November 6, 2024

Home Business Workers remittances increase by 3.1pc in August

Workers remittances increase by 3.1pc in August

by Staff Report
September 11, 2023
in Business, Pakistan

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KARACHI – Workers’ remittances recorded an inflow of $2.1 billion during August 2023, reveals data released by State Bank of Pakistan on Monday.

During August 2023, workers remittances increased by 3.1 per cent on month on month basis.

During Aug 2023, workers’ remittances recorded an inflow of US$2.1 billion, witnessing an increase of 3.1 percent compared to the last month.
For details see https://t.co/rPOvn9Dr8N
https://t.co/7XBd4uOcHC
#SBPRemittances pic.twitter.com/qlnFvG2rgz

— SBP (@StateBank_Pak) September 11, 2023

Workers’ remittances inflow of $ 4.1 billion has been recorded during July-August on cumulative basis.

emittances inflows during Aug 2023 were mainly sourced from Saudi Arabia ($490.1 million), United Kingdom ($331.3 million), United Arab Emirates ($308.0 million) and United States of America ($262.4 million).