Workers’ remittances drops by 23.74% YoY to $2.1bn in August

MG News | September 11, 2023 at 03:57 PM GMT+05:00

0:00

September 11, 2023 (MLN): Workers' remittances have decreased by 23.74% YoY in August to $2.09 billion, compared to $2.74bn in the same month of last year, the latest data issued by SBP revealed today.

Meanwhile, on a monthly basis, workers' remittances inched up by 3.15% MoM as compared to $2.03bn in July.

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 $490.1 million.

While on a cumulative basis, in 2MFY24, the total remittances stood at $4.12bn as compared to $5.26bn worth of inflows received in 2MFY23, depicting a fall of 21.57% YoY.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,864.53 309.70M	0.77% 1289.83
ALLSHR	102,725.13 871.92M	0.54% 553.85
KSE30	51,670.42 144.06M	0.97% 495.07
KMI30	244,230.82 127.19M	0.88% 2126.86
KMIALLSHR	67,141.83 400.81M	0.66% 438.06
BKTi	45,511.25 34.21M	0.74% 335.27
OGTi	33,787.05 15.45M	0.86% 288.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,645.00	89,710.00 87,745.00	-795.00 -0.88%
BRENT CRUDE	61.42	61.42 61.07	0.30 0.49%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.00 1.11%
ROTTERDAM COAL MONTHLY	97.30	0.00 0.00	0.60 0.62%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.73	57.74 57.38	0.29 0.50%
SUGAR #11 WORLD	15.10	15.27 14.83	0.25 1.68%