ISLAMABAD, Pakistan: The Overseas Pakistanis sent remittances amounting to US$ 2.2 billion in September 2023, showing an increase of 5.3 percent compared to the previous month.
During Sep 2023, workers’ remittances recorded an inflow of US$2.2 billion, showing an increase of 5.3 percent compared to the previous month.
For details see https://t.co/rPOvn9CTjfhttps://t.co/7XBd4uNES4#SBPRemittances pic.twitter.com/qenzCIvWUI— SBP (@StateBank_Pak) October 10, 2023
The statistics released by the State Bank of Pakistan on Tuesday showed that the Overseas Worker’s remittances recorded an inflow of US$ 2,206.3 million in September 2023 against US$ 2,094.5 million of the previous month (August 2023).
Whereas on a Year-on-Year basis, the remittances decreased by 11 percent as in September 2022 they were recorded as US$ 2,487.2 million.
The remittances in the first quarter of the Fiscal Year 2024 went down by 20 percent to US$ 6,329.8 million as compared to US$ 7,897.2 million in the FY 2023.
Share of remittances in September 2023 from the United States remained US$ 263.4 million, United Kingdom US$ 311.1 million, Saudi Arabia US$ 538.2 million, the United Arab Emirates (UAE) US$ 399.8 million, other GCC Countries US$ 248.1 million, and EU Countries US$ 269.3 million.
During the period, US$ 9.5 million were received in remittances from Malaysia, US$ 7.6 million from Norway, US$ 3.9 million from Switzerland, US$ 43.6 million from Australia, US$ 36.2 million from Canada, US$ 3.9 million from Japan, US$ 13.7 million from South Africa, US$ 7.3 million from South Korea, US$ 50.8 million from other Countries.
