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Remittances up by 7.9%: State Bank

KARACHI, Pakistan: The remittances sent by Overseas Pakistanis rose to US$ 2.7 billion in August 2022, according to the State Bank of Pakistan.

The State Bank said that US$ 2.7 billion remittances received in August 2022 was up by 7.9 percent as compared to the July 2022 and 1.5 percent as compared to August 2021.

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During August 22, workers’ remittances rose to US$2.7 billion, up 7.9% compared to the previous month and 1.5% compared to August 2021,” the State Bank of Pakistan tweeted on Tuesday.

As per the Country-Wise Workers Remittances Breakdown of August 2022, mainly inflows were received from Saudi Arabia and United Arab Emirates (UAE).

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The data tells that out of a total of US$ 2,724 million, remittances worth US$ 691.8 million were received from Saudi Arabia, US$ 531.4 million from UAE, and US$ 300.8 million from other GCC Countries.

Likewise, US$ 294.2 million arrived from the United States, US$ 369.7 million from United Kingdom, and US$ 274.8 from EU Countries.

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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.

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