Workers’ Remittances drop by 25.4% MoM to $2.3bn in May

MG News | June 10, 2022 at 04:08 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 10, 2022 (MLN): Workers' remittances have continued to remain above the $2 billion mark since June 2020. However, in terms of growth, remittances decreased by 25.4 percent on an MoM basis and 6.9 percent on a YoY basis, largely reflecting the usual seasonal post-Eid decline and associated long holidays, the central bank data showed today.

Cumulatively, at $28.4bn, remittances have grown by 6.3 percent YoY during the first 11 months of FY22.

In May 2022, remittances were mainly sourced from Saudi Arabia ($542 million), the United Arab Emirates ($435 million), United Kingdom ($354 million) and the United States of America ($233 million).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,969.33 217.01M	0.22% 368.92
ALLSHR	102,892.63 587.53M	0.20% 206.37
KSE30	50,644.26 54.31M	0.37% 187.28
KMI30	243,608.50 54.80M	0.29% 708.93
KMIALLSHR	66,655.71 317.82M	0.13% 87.67
BKTi	47,135.99 14.01M	0.54% 251.49
OGTi	34,716.38 4.43M	-0.08% -29.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,770.00	84,130.00 83,745.00	-155.00 -0.18%
BRENT CRUDE	97.95	97.99 97.63	-0.08 -0.08%
RICHARDS BAY COAL MONTHLY	128.50	128.50 128.50	5.00 4.05%
ROTTERDAM COAL MONTHLY	142.95	142.95 137.95	5.65 4.12%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	90.22	90.51 89.86	-0.20 -0.22%
SUGAR #11 WORLD	18.62	19.12 18.53	-0.22 -1.17%