Workers’ remittances fall by 6.2% MoM to $2.25bn in February

MG News | March 08, 2024 at 02:59 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 08, 2024 (MLN): Workers' remittances have decreased by 6.18% MoM in February to $2.25 billion, compared to $2.4bn in the previous month, the latest data issued by SBP revealed today.

Meanwhile, on a yearly basis, workers' remittances increased by 13.03% YoY as compared to $1.99bn in the same month last year.

The inflows mainly came from Saudi Arabia, contributing $539.84 million, followed by the UAE with $384.71m, the U.K. with $345.97m, USA with 287.39m, and the EU Countries with 263.38m.

While on a cumulative basis, in 8MFY24, the total remittances stood at $18.08bn as compared to $18.31bn worth of inflows received in 8MFY23, depicting a fall of 1.23% YoY.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,915.00	77,940.00 75,590.00	-1780.00 -2.29%
BRENT CRUDE	104.25	106.36 101.34	1.67 1.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-9.00 -7.56%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.00	99.43 94.73	0.65 0.67%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%