Workers’ remittances drops by 13.6% to $27bn in FY23

MG News | July 10, 2023 at 10:46 AM GMT+05:00

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July 10, 2023 (MLN): Workers' remittances have decreased by 13.6% YoY in FY23 to $27.02 billion, compared to $31.27bn in FY22, the latest data issued by SBP revealed today.

In the month of June alone, workers' remittances registered an inflow of $2.2 billion, compared to $2.1bn in May 2023, and $2.7bn in June 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 $515.1 million.

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