ISLAMABAD: The overseas workers’ remittances recorded an inflow of US$2.5 billion during October 2023, the State Bank of Pakistan (SBP) said on Friday.
In terms of growth, during the month under review, remittances increased by 11.5 % on a month-on-month basis and 9.06 % on a year-on-year basis.
For the first four months of the Fiscal year 2023-2024, the workers’ remittances inflow was recorded at US$ 8.8 billion.
In Oct 2023, workers’ remittances recorded an inflow of US$2.5 billion, showing an increase of 11.5 percent over the previous month.
For details see https://t.co/rPOvn9Dr8N https://t.co/7XBd4uOcHC #SBPRemittances pic.twitter.com/Tcv5Kggycf— SBP (@StateBank_Pak) November 10, 2023
The primary sources of remittance inflows in October 2023 were Saudi Arabia ($616.8 million), the United Arab Emirates ($473.9 million), the United Kingdom ($330.2 million) and the United States of America ($283.3 million). —APP
