Remittances surge by 29% YoY to $3.1bn in December

MG News | January 10, 2025 at 10:04 AM GMT+05:00

0:00

January 10, 2025 (MLN): Workers' remittances have increased by 29.3% in December to $3.08 billion, compared to $2.38bn in the same month of last year, the latest data issued by SBP revealed today.

Meanwhile, on a monthly basis, workers' remittances inched up by 5.62% as compared to $2.91bn in the previous month.

On a cumulative basis, in 6MFY25, the total remittances stood at $17.84bn as compared to $13.43bn worth of inflows received in 6MFY24, depicting a rise of 32.8%.

During the month, Saudi Arabia held the top spot, contributing $770.6 million. This figure was up 33.4% compared to a year ago.

The second biggest inflow was from UAE as they sent $631m during November, up 50.7% YoY.

Pakistanis working in U.K. sent $456.9m during the month, up 24.2% compared to the same month of last year.

Moreover, the inflows from EU Countries clocked in at $360.3m, which was up 26.5% YoY.

The data further shows that remittances sent by Pakistanis working in Other GCC Countries rose by 21.5% YoY to $310m.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	114,520.00	0.00 0.00	-2470.00 -2.11%
BRENT CRUDE	62.09	65.36 62.00	-3.13 -4.80%
RICHARDS BAY COAL MONTHLY	81.00	81.00 81.00	-1.60 -1.94%
ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	58.24	0.00 0.00	-0.66 -1.12%
SUGAR #11 WORLD	16.10	16.35 15.97	-0.16 -0.98%