The overseas Pakistani workers’ remittances grew by 6.3 percent in 11 months (Jul-May) of current fiscal year to US$28.4 billion against the inflows of $26.7 billion in same period of the previous year.
On year-on-year basis, the remittances decreased from $2.5 billion in May 2021 to $2.3 billion in same period of current fiscal year. On month-on-month basis, the inflows of remittances also declined from $3.1 billion in April 2022 to $2.3 billion in April 2022.
According to data released by State Bank of Pakistan (SBP) on Friday, remittances’ inflows during May 2022 were mainly sourced from Saudi Arabia ($541.9 million), United Arab Emirates ($435 million), United Kingdom ($354 million) and the US ($232.9 million).—APP
