ISLAMABAD: The overseas workers’ remittances witnessed an inflow of US$2.2 billion during the last month (February 2024), the State Bank of Pakistan (SBP) said in a statement here on Friday.
As per the statement, in terms of growth, during the last month under review, remittances went down by 6.2 percent on a month-on-month (m-o-m) basis. Whereas, on a year-on-year (y-o-y) basis, the remittance witnessed an increase by 13 percent.
During the fiscal year 2023-24, the workers’ remittances inflow of US$18.1 billion has been observed in the first eight months.
The inflow of remittances during the month of February 2024 was mainly sourced from Saudi Arabia ($539.8 million), United Arab Emirates ($384.7 million), UK ($346.0 million) and United States of America ($287.4 million).
