According to the press release issued by the State Bank of Pakistan on March 10, 2023, the workers’ remittances recorded an inflow of US$ 2.0 billion during February 2023. During the month, the remittances increased by 4.9 percent on Month-on-Month (m/m) basis, while Year-on-Year (y/y) basis, the remittances decreased by 9.5 percent. With cumulative inflow of US$ 18 billion during first eight months of FY23, the remittances decreased by 10.8 percent compared to the same period last year. Remittances inflows during February 2023 were mainly sourced from Saudi Arabia ($454.6 million), United Arab Emirates ($324.0 million), United Kingdom ($317.0 million) and United States of America ($219.4 million).
Source: IBP