Workers’ remittances drop to $2.1bn in May

MG News | June 13, 2023 at 04:04 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 13, 2023 (MLN): Workers' remittances for the month of May registered a decrease of 4.4% MoM to $2.1 billion, compared to $2.196bn in April 2023, data issued by SBP revealed today.

Similarly, on a yearly basis, the remittances have dropped by 10.4% YoY as compared to $2.34bn in May 2022.

The inflows mainly came from Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States of America, with Saudi Arabia being the largest contributor at $524 million.

It is worth noting that the cumulative inflow for the eleven months of FY23 clocked in at Rs24.832bn, plummeting by $3.657bn or 12.8% YoY compared to the same period last year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,285.78 248.39M	1.02% 1766.97
ALLSHR	106,536.82 578.97M	1.02% 1073.42
KSE30	52,320.98 90.24M	1.18% 611.36
KMI30	246,775.63 72.73M	0.99% 2407.71
KMIALLSHR	68,372.65 345.21M	0.84% 569.39
BKTi	49,718.24 37.75M	1.43% 700.72
OGTi	35,126.27 7.30M	0.44% 154.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,190.00	65,740.00 64,585.00	475.00 0.73%
BRENT CRUDE	85.88	86.55 83.32	1.15 1.36%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.25 -1.17%
ROTTERDAM COAL MONTHLY	120.00	120.00 120.00	0.65 0.54%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	80.38	80.93 78.19	1.04 1.31%
SUGAR #11 WORLD	14.86	14.99 14.71	-0.02 -0.13%