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Your email address will not be published.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

Nepra hikes power tariff for KE consumers

The National Electric Power Regulatory Authority (NEPRA) has approved Rs0.56 per unit…

Shell, QatarEnergy agree on 27-year LNG supply

Qatar has further expanded its long-term gas supply to Europe, reaching a…

Rupee resumes recovery against dollar

Karachi: The Pakistani rupee on Friday once again resumed its recovery trend…

“Pakistan will not default”: Ishaq Dar

Finance Minister Ishaq Dar on Wednesday assured investors at the Pakistan Stock…