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اردو

Jan 30, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2024-05-10

April remittances up 27.9pc to $2.8bn YoY

Recorder Report Published May 10, 2024

KARACHI: The inflows of workers’ remittances have increased by 27.9 percent on year-on-year basis to $2.8 billion during April 2024.

Cumulatively, with an inflow of $23.8 billion, workers’ remittances increased by 3.5 percent during first 10 months of FY24 compared to the same period last year, State Bank of Pakistan (SBP) said on Thursday.

Pakistan’s remittances jump to $3bn in March, up 31.3% MoM

The remittance inflows during April 2024 were mainly sourced from Saudi Arabia (net inflows $ 712.0 million), United Arab Emirates (net inflow $542.3 million), United Kingdom (net inflow $403.2 million) and United States of America (net inflow $329.2 million).

Remittances SBP remittance inflows workers remittances

Comments

Comments are closed.

Usman May 10, 2024 08:04am

Reason is simple.Rates im hawala system are bad and its expensive to send through hawala.Its cheaper to send through banks.

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USD PKR Interbank Buying / Jan 29	278.73
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Pound Sterling to USD / Jan 29	1.25
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