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Downward trend in worker remittances continues; down by 13.1 % in January

KARACHI: Feb 13, 23: The Workers’ remittances recorded an inflow of US $1.9 billion during Jan 23.

 During Jan 23, remittances decreased by 9.9 percent on m/m and 13.1 percent on y/y basis.

 With cumulative inflow of US$ 16 billion during first seven months of FY23, the remittances decreased by 11 percent compared to the same period last year.

 Remittances inflows during Jan 23 were mainly sourced from Saudi Arabia ($407.6 million), United Arab Emirates ($269.2 million), United Kingdom ($330.4 million) and United States of
America ($213.9 million.

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