Pakistan has seen a substantial surge in workers’ remittances from the United Arab Emirates (UAE) in the first two months of the 2024-25 fiscal year, according to recent data released by the State Bank of Pakistan (SBP).
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Pakistan Witnesses 44% Surge in Remittances in 2MFY25
KARACHI: Pakistan has witnessed a significant 44% increase in workers’ remittances during the first two months of the fiscal year 2025 (2MFY25), providing much-needed relief as the country grapples with external economic pressures.
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Remittances Soar by 48% YoY in July 2024, Reaching $3 Billion
Karachi, August 9, 2024 – Pakistan witnessed a significant surge in workers’ remittances, with inflows rising by 48% Year on Year (YoY) in July 2024, according to data released by the State Bank of Pakistan (SBP) on Friday.
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Pakistan Receives $30.25 Billion in Workers’ Remittances in FY24
Karachi, July 9, 2024 – Pakistan received $30.25 billion in workers’ remittances during the fiscal year 2023-24, according to a report by the State Bank of Pakistan (SBP) released on Tuesday. This represents an 11 percent increase compared to the $27.33 billion received in the preceding fiscal year.
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Pakistan Records Highest Monthly Remittances $3.2B in May 2024
PkRevenue.com – Pakistan has achieved a historic milestone by recording all-time high monthly remittances of $3.24 billion in May 2024, according to official data released on Friday by the State Bank of Pakistan (SBP).
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Remittances Surge by 27.9% to $2.8 billion in April 2024
Karachi, May 10, 2024 – Pakistan has witnessed a significant surge in workers’ remittances, with inflows climbing by 27.9% to $2.8 billion in April 2024 compared to the same month last year, according to the latest data released by the State Bank of Pakistan (SBP).
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Pakistan Remittances Surge by 31% MoM in March 2024
Karachi, April 8, 2024 – Pakistan has witnessed a significant surge of 31 percent in remittances on a month-on-month (MoM) basis in March 2024.
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Workers’ Remittances into Pakistan Grow 13% in February 2024
Karachi, March 8, 2024 – The State Bank of Pakistan (SBP) reported a substantial 13 percent Year-on-Year (YoY) growth in workers’ remittances to Pakistan in February 2024.
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Inflow of Remittances Dips to $15.82 Billion in 7MFY24
Karachi, February 12, 2024 – The State Bank of Pakistan (SBP) reported on Monday that the inflow of workers’ remittances has witnessed a decline to $15.82 billion during the first seven months (July – January) of the fiscal year 2023-24.
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Pakistan Witnesses 7% Decline in Remittances in 1HFY24
Karachi, January 10, 2024 – Pakistan experienced a significant 7 percent decline in the inflow of workers’ remittances during the first half (July – December) of fiscal year 2023-24, according to official data released by the State Bank of Pakistan (SBP) on Wednesday.
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