Karachi (Web Desk/Agencies): The overseas workers’ remittances witnessed an increase of 38.76% during the first quarter (July-September) of the current fiscal year 2024-25, the State Bank of Pakistan (SBP) said on Wednesday.
The inflow of $8.785 billion was recorded during July-September 2024-25 as compared to the inflow of $6.331 billion during July-September 2023-24, showing growth of 38.76%
Similarly, on a year-on-year basis, the worker’s remittance went up by 29.03% in September 2024 to $2.849 billion from $ 2.208 billion during the same month last year.
Remittances inflows during September 2024 were mainly sourced from Saudi Arabia ($681.3 million), the United Arab Emirates ($560.3 million), the United Kingdom ($423.6 million) and the United States of America ($274.9 million).