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Your email address will not be published.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

“Global economic growth to slump to three-decade low”: World Bank

According to the World Bank, the global economy is set to reach…

Foreign Reserves fall to the lowest since 2014

The State Bank of Pakistan’s (SBP) foreign currency reserves dropped to the…

Oil jumps 2% as hospital blast increases Middle East tensions

Oil prices surged on Wednesday as tension escalated in the Middle East…

Israel shekel sinks to lowest since 2016

Israel’s shekel (ILS) hit its weakest level since early 2016 and the…