Islamabad: The overseas workers’ remittances posted a decline of 11 percent during first seven months (Jul-Jan) of fiscal year 2022-23. The remittances fell from $17.98 billion in Jul-Jan of FY22 to $16.01 billion in the period under review. According to a recent data released by State Bank of Pakistan (SBP) on Monday, remittances’ inflows during January, 2023 were mainly sourced from Saudi Arabia, United Arab Emirates, United Kingdom and United States of America.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan, China ink MoU for gas exploration

Pakistan’s Oil & Gas Development Company (OGDCL) has signed an MOU with…

Pakistan to make tough decisions for IMF: Reza Baqir

State Bank of Pakistan Governor Dr. Reza Baqir stated,” Pakistan needs to…

PSX proceeds with bearish trend, declines 796 points

On Tuesday, Pakistan Stock Exchange’s (PSX’s) benchmark KSE-100 index shed 796.48 points…

Pakistan asks Russia for discount on crude oil

Islamabad: Russia refused to give Pakistan a 30-40% discount on Russian crude…