ISLAMABAD: Overseas Pakistanis sent $24.8 billion worth remittances in 11 months of the outgoing fiscal year 2022-23.
With cumulative inflows of US$ 24.8 billion during first 11 months of FY23, workers’ remittances decreased by 12.8 percent as compared to the same period last year.
Workers’ remittances recorded an inflow of US$2.1 billion during May 2023. In terms of growth, during May 2023, remittances decreased by 4.4 percent on m/m and by 10.4 percent on y/y basis.
Remittances inflow during May 2023 was mainly sourced from Saudi Arabia ($524 million), United Arab Emirates ($335.8 million), United Kingdom ($306.5 million) and United States of America ($257.2 million).
