Workers’ remittances surge 31.3% MoM to $2.95bn in March

MG News | April 08, 2024 at 05:30 PM GMT+05:00

0:00

April 08, 2024 (MLN): Workers' remittances have surged by 31.27% MoM to $2.95 billion in March, compared to $2.25bn in the previous month, the latest data issued by SBP revealed today.

The increase comes largely due to Ramadan inflows.

Similarly, on a yearly basis, workers' remittances increased by 16.44% YoY as compared to $2.54bn in the same month last year.

The inflows mainly came from Saudi Arabia, contributing $703.05 million, followed by the UAE with $548.47m, the U.K. with $461.53m, USA with 372.54m, and the EU Countries with 314.71m.

On a cumulative basis, in 9MFY24, the total remittances stood at $21.04bn as compared to $20.84bn worth of inflows received in 9MFY23, depicting a slight rise of 0.92% YoY.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,806.22 500.44M	-0.39% -638.50
ALLSHR	99,845.79 1,977.49M	-0.42% -417.42
KSE30	50,123.85 153.24M	-0.68% -343.31
KMI30	238,530.50 71.49M	-0.36% -850.63
KMIALLSHR	65,898.10 543.80M	-0.37% -245.35
BKTi	46,380.96 92.15M	-0.49% -229.01
OGTi	31,857.40 12.33M	-1.20% -387.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,220.00	109,470.00 103,745.00	-1225.00 -1.13%
BRENT CRUDE	61.34	61.47 60.14	0.28 0.46%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	93.20	93.50 93.20	0.05 0.05%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	57.25	57.32 56.15	0.26 0.46%
SUGAR #11 WORLD	15.53	15.88 15.45	-0.27 -1.71%