Workers’ remittances rise to $20.1bn in 8MFY22

By 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	132,515.70 92.56M	-0.67% -887.49
ALLSHR	82,917.76 508.30M	-0.32% -270.29
KSE30	40,319.78 33.20M	-0.82% -331.68
KMI30	190,653.00 37.33M	-0.74% -1430.91
KMIALLSHR	55,671.81 260.72M	-0.31% -175.89
BKTi	36,148.83 5.85M	-0.75% -274.05
OGTi	28,230.28 7.05M	-0.73% -207.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,065.00	109,545.00 108,625.00	-150.00 -0.14%
BRENT CRUDE	69.97	70.09 69.85	-0.18 -0.26%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.15	68.27 67.78	-0.18 -0.26%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%