Workers’ remittances drop 8.6% MoM to $2.25bn in November

MG News | December 08, 2023 at 08:42 PM GMT+05:00

0:00

December 08, 2023 (MLN): Workers' remittances have dropped by 8.63% MoM in November to $2.25 billion, compared to $2.46bn in the previous month, the latest data issued by SBP revealed today.

Meanwhile, on a yearly basis, workers' remittances increased by 3.56% YoY as compared to $2.17bn in the same month last year.

The inflows mainly came from Saudi Arabia, contributing $540.35 million, followed by the UAE with $409.36m, the U.K. with $341.68m, EU Countries with 268.31m, and the USA with 261.47m.

While on a cumulative basis, in 5MFY24, the total remittances stood at $11.05bn as compared to $12.32bn worth of inflows received in 5MFY23, depicting a fall of 10.33% YoY.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%