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	164,897.52 53.16M	0.07% 121.08
ALLSHR	100,095.10 240.77M	0.12% 119.24
KSE30	48,878.95 29.00M	0.02% 10.68
KMI30	237,608.58 20.90M	0.02% 39.80
KMIALLSHR	64,910.19 106.84M	0.11% 69.05
BKTi	45,506.22 6.40M	0.24% 109.69
OGTi	33,360.74 1.33M	-0.20% -67.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,620.00	84,085.00 83,220.00	235.00 0.28%
BRENT CRUDE	106.00	107.15 105.85	0.31 0.29%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.50 0.39%
ROTTERDAM COAL MONTHLY	145.80	0.00 0.00	0.30 0.21%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	94.45	95.41 94.28	0.31 0.33%
SUGAR #11 WORLD	21.10	21.18 20.58	0.25 1.20%