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	187,832.08 767.51M	0.50% 931.34
ALLSHR	112,851.69 1,193.66M	0.62% 697.08
KSE30	57,539.97 102.71M	0.43% 247.84
KMI30	265,288.04 70.28M	0.22% 591.63
KMIALLSHR	72,445.67 875.56M	0.46% 332.73
BKTi	55,119.30 60.64M	1.38% 752.01
OGTi	38,641.51 5.08M	-0.37% -142.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,705.00	70,985.00 65,030.00	-7865.00 -10.69%
BRENT CRUDE	67.58	68.95 66.89	-1.88 -2.71%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-3.80 -4.05%
ROTTERDAM COAL MONTHLY	100.75	100.75 100.20	1.45 1.46%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.31	64.67 62.65	-1.83 -2.81%
SUGAR #11 WORLD	14.27	14.44 14.20	-0.17 -1.18%