Workers’ remittances recorded an inflow of US$2.5 billion during March 2023. In terms of growth, during March 2023, remittances increased by 27.4 percent on Month-on-Month (m/m) and decreased by 10.7 percent on Year-on-Year (y/y) basis. With cumulative inflow of US$ 20.5 billion during first nine months of FY23, the remittances decreased by 10.8 percent as compared to the same period last year. Remittances inflows during March 2023 were mainly sourced from Saudi Arabia ($563.9 million), United Arab Emirates ($406.7 million), United Kingdom ($422 million) and United States of America ($316 million).
Source: IBP