According to the press release issued by the State Bank of Pakistan on January 13, 2023, the Workers’ remittances recorded an inflow of US$2.0 billion during December 2022. During December 2022, remittances decreased by 3.2 percent on m/m and by 19.0 percent on y/y basis. With the cumulative inflow of US$ 14.1 billion during H1FY23, the remittances decreased by 11.1 percent as compared to the same period last year.
Remittances inflows during December 2022 were mainly sourced from Saudi Arabia ($516.3 million), the United Arab Emirates ($328.7 million), the United Kingdom ($314.2 million), and the United States of America ($230.5 million).
Source: IBP