KARACHI: The remittances sent home by overseas Pakistanis declined 10.5% month-on-month to $2.4 billion in September 2022, the latest data from the central bank showed Tuesday.
The decline in remittances came following the opening of travelling and inflation reducing disposable income.
According to the State Bank of Pakistan (SBP), the remittances sent home by overseas Pakistanis fell by 10.5% (month-on-month) and 12.3% (year-on-year) to $2.4 billion in September.
Pakistan registered a decline in September because travelling resumed after several months of the ban imposed in order to curb the spread of the global pandemic COVID-19.
