F.P. Report
ISLAMABAD: The overseas workers’ remittances posted a decline of 10.8 percent during first eight months (Jul-Feb) of fiscal year 2022-23 as the remittances fell from $20.18 billion in Jul-Feb of FY22 to $18.00 billion in the period under review.
On year-on-year basis, the overseas workers’ remittances recorded an inflow of US$2.0 billion in February 2023, posting a decrease of 9.5 percent as compared with the same month of previous year’s inflow of $2.2 billion.
On month-on-month basis, the remittances in February 2023 witnessed an increase of 4.9 percent when compared with the inflow of $1.9 billion recorded in January 2023.
According to a recent data released by State Bank of Pakistan (SBP) on Friday, remittances’ inflows during February, 2023 were mainly sourced from Saudi Arabia ($454.6 million), United Arab Emirates ($269.2 million), United Kingdom ($324.0 million) and United States of America ($219.4 million).
During the corresponding month, the overseas Pakistanis living in Bahrain sent $35.6 million, from Kuwait $63.1 million, from Qatar $67.8 million whereas $75.0 million were dispatched from Oman.
Similarly the inflows from Germany, France, The Netherlands, Spain, Italy, Greece, Sweden, Denmark, Ireland, and Belgium were recorded at $47.1 million, $33.9 million, $5.2 million, $37.4 million, $66.5 million, $25.3 million, $5.3 million, $6.9 million, $9.7 million and $8.1 million respectively.
Likewise, from Malaysia, Norway, Switzerland, Australia, Canada, and Japan, the workers dispatched $6.5 million, $8.7 million, $3.4 million, $46.8 million, $40.4 million, and $5.9 million respectively.
Remittances from South Africa during the month under review stood at $11.8 million while that from South Korea stood at $8.6 million. Similarly $53.9 million were received from other countries. (APP)
JERUSALEM (AP) : The head of the UN agency for Palestinian refugees, UNRWA, said Sunday…
KHARKIV, Ukraine (Reuters): Russian attacks on Orthodox Easter Sunday killed a woman buried under rubble…
KARACHI (APP): Sindh Chief Minister Syed Murad Ali Shah has vowed to maintain peace in…
By repeatedly denying the existence of an agreement on managing the Ren'ai Reef issue with…
US Secretary of State Antony Blinken issued a statement on Wednesday saying the United States…
Hafed Al-Ghwell American universities have historically been bastions of free speech and conduits for great…
This website uses cookies.