Workers’ remittances rise to $20.1bn in 8MFY22

MG News | March 10, 2022 at 06:07 PM GMT+05:00

0:00

March 10, 2022 (MLLN): Workers’ remittances have shown a growth of 7.6% YoY to $20.1 billion during the eight months of FY22 compared to the same period last year, latest data issued by State Bank of Pakistan showed today.

As per the data, with $2.2 billion of inflows during February 2022, workers' remittances continued their strong performance and have remained above $2 billion since June 2020.

Despite fewer working days compared to January, remittances have increased by 2% MoM in February, while on yearly basis, it fell by 2.7% compared to February 2021.

Country wise, remittances inflows during February 2022 were mainly sourced from Saudi Arabia ($558 million), United Arab Emirates ($387 million), United Kingdom ($319 million) and United States of America ($210 million).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,894.28 429.22M	0.69% 1189.52
ALLSHR	103,374.80 980.79M	0.87% 892.69
KSE30	52,120.11 272.02M	0.75% 385.76
KMI30	248,767.62 212.38M	0.96% 2361.39
KMIALLSHR	67,191.51 515.63M	1.01% 673.98
BKTi	47,940.58 105.58M	0.30% 144.83
OGTi	36,303.00 18.61M	1.49% 531.61

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	79,875.00	79,925.00 79,845.00	-470.00 -0.59%
BRENT CRUDE	103.37	103.88 96.03	2.10 2.07%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-2.50 -2.22%
ROTTERDAM COAL MONTHLY	106.55	106.60 105.45	1.80 1.72%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.55	98.64 97.35	2.74 2.89%
SUGAR #11 WORLD	14.56	14.82 14.38	-0.25 -1.69%