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Workers’ remittances rise record high in FY22

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KARACHI, Jul 18(ABC): Remittances from overseas Pakistanis, in June 2022, rose to $2.76 billion increasing by 18.4 percent on a month-on-month basis and 1.7 percent on a year-on-year basis.

During the last month, the remittances were mainly sourced from Saudi Arabia ($666 million), United Arab Emirates ($495 million), United Kingdom ($455 million) and United States of America ($285 million), said a statement issued by State Bank of Pakistan on Monday. Cumulatively, in the financial year 2022, remittances rose to a record $31.2 billion, increasing by 6.1 percent compared to fiscal year 2021.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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