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

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

Add Mettisglobal as a Trusted Source on Google

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	178,922.76 458.03M	-1.36% -2475.46
ALLSHR	107,850.27 1,038.22M	-1.24% -1356.82
KSE30	53,308.95 263.66M	-1.46% -789.54
KMI30	255,193.17 241.09M	-1.46% -3789.62
KMIALLSHR	69,955.81 579.69M	-1.31% -930.18
BKTi	48,839.93 52.13M	-1.20% -593.67
OGTi	36,450.04 22.36M	-1.87% -693.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,825.00	63,825.00 62,315.00	880.00 1.40%
BRENT CRUDE	80.38	80.81 78.77	0.53 0.66%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	-0.25 -0.22%
ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	1.20 0.97%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	76.54	76.78 74.98	0.69 0.91%
SUGAR #11 WORLD	14.14	14.50 14.10	-0.23 -1.60%