Workers’ Remittances Rose By 11.5 Percent In October 2023

Workers’ remittances recorded an inflow of US$2.5 billion during October 2023. In terms of growth, during October 2023, remittances increased by 11.5 percent on month-onmonth and 9.6 percent on year-on-year basis. Workers’ remittances inflow of US$8.8 billion has been recorded during first four months of FY24. Remittances inflows during October 2023 were mainly sourced from Saudi Arabia ($616.8 million), United Arab Emirates ($473.9 million), United Kingdom ($330.2 million) and United States of America ($283.3 million). https://shorturl.at/eoAM1

Source: IBP

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