ISLAMABAD: Overseas Pakistanis sent US$2.5 billion to Pakistan during July 22. Â In terms of volume, during July 2022, remittances decreased by 8.6 percent on a month-on-month basis and 7.8 percent on yearly basis.
This decrease largely reflected the lower number of working days in July as a result of Eid, at 17 working days compared to 22 last month and 18 in July 2021.
Remittances inflows during July 2022 were mainly sourced from Saudi Arabia ($580.6 million), United Arab Emirates ($456.2 million), United Kingdom ($411.7 million) and United States of America ($254.3 million).
Dollar Background
In the fiscal year 2021-22, overseas Pakistanis sent a record amount of remittances _ $31.20 billion in comparison with $29.4 billion received in 2020-21.
