Remittances recorded an inflow of $2.4 billion during January 2024

BusinessRemittances recorded an inflow of $2.4 billion during January 2024

ISLAMABAD, Pakistan: The remittances sent by Overseas Pakistanis increased by 26 percent to US$ 2.4 billion during January 2024 as compared to US$ 1.9 billion recorded in January 2023.

Whereas on a month on month basis, remittances received in January 2024 recorded a 1 percent increase compared to the previous month, according to the latest statistics released by the State Bank of Pakistan.

   

During the first seven months of Fiscal Year (FY) 24, remittances went down by 3 percent YoY to US$ 15.8 billion as compared to US$ 16.3 billion during the same period in the last FY.

The statistics showed that the Overseas Workers sent remittances amounting to US$ 2,397.1 million in January 2024 against US$ 2,381.9 million of the previous month (December 2023).

Share of remittances in January 2024 from the United States remained US$ 283.4 million, United Kingdom US$ 362.1 million, Saudi Arabia US$ 587.3 million, the United Arab Emirates (UAE) US$ 407.6 million, other GCC Countries US$ 252.8 million, and EU Countries US$ 290.1 million.

During the period, US$ 9.3 million were received in remittances from Malaysia, US$ 8.6 million from Norway, US$ 4.2 million from Switzerland, US$ 54.5 million from Australia, US$ 42.3 million from Canada, US$ 4.1 million from Japan, US$ 15.7 million from South Africa, US$ 7.8 million from South Korea, US$ 67.2 million from other Countries.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

PPP Senator tables resolution in Senate to ban all Social Media platforms in Pakistan

0
ISLAMABAD, Pakistan: The Pakistan People's Party Parliamentarian (PPPP) Senator Bahramand Khan Tangi has tabled a resolution in the Senate demanding a ban on all...

NDMA issues weather advisory

0
ISLAMABAD, Pakistan: Apropos NDMA's NEOC prediction most parts of the Country are likely to experience moderate to heavy rainfall isolated thunderstorms are expected with...

13th Anniversary of Shahbaz Bhatti’s Assassination: Human Rights Advocates Call for Justice and an...

0
The minority rights activists from around the world unite in somber remembrance on the 13th anniversary of the martyrdom of Shahbaz Bhatti, Pakistan’s former...

SIC fields Mahmood Khan Achakzai as its Presidential Candidate

0
The Pakistan Tehreek-e-Insaf (PTI)-backed Sunni Ittehad Council (SIC) has nominated the Pakhtunkhwa Milli Awami Party (PkMAP) Chairman Mahmood Khan Achakzai as its Presidential Candidate...

Raoof Hasan may be next to sacrifice for mitigating adverse reaction of writing an...

0
Islamabad, Pakistan: Sensing the gravity of the political recklessness of writing an anti-Pakistan letter to the International Monetary Fund (IMF) to halt the March...
Advertisement