Tag: Expatriate Contributions
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SBP reports 26% increase in overseas workers’ remittances
In January 2024, Pakistan witnessed a notable increase in the inflow of overseas workers’ remittances, reaching $2.4 billion, as revealed by data released by the State Bank of Pakistan (SBP) on Monday. This marks a 1 per cent rise compared to December 2023, where remittances stood at $2.38 billion.
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Overseas workers’ remittances to Pakistan dip to $2.3 billion
In November 2023, overseas workers sent a total of $2.3 billion in remittances to Pakistan, reflecting an 8.6 per cent decrease from the $2.5 billion recorded in October 2023, as per data released by the State Bank of Pakistan (SBP). However, on a yearly basis, there was a 3.6 per cent increase in the monthly…