KARACHI: Remittances in the month of August stood at $3 billion, which is 40.5 percent higher than the same month last year, while there has been an increase in Pakistanis seeking jobs abroad.
According to the data released by the State Bank, the remittances in August were 2.94 billion dollars, which was 2.09 billion dollars in August last year, but the remittances were less in August compared to July, the remittances in July were 2.99 billion dollars. had been
If we talk about the two months of July and August of the current fiscal year, it was 5.94 billion dollars with an increase of 44% compared to last year. A large increase in remittances from countries has been noted.
The reason for this is that Pakistanis have been getting jobs in Saudi Arabia and UAE in recent days. If prices fall below $50 per barrel, then remittances may be affected.
According to the State Bank, $713 million from Saudi Arabia with an increase of 45%, $538 million from the UAE with an increase of 75%, $475 million from the United Kingdom with an increase of 44%, and $376 million from European countries with an increase of 29%. , while remittances from other countries increased by 42 percent to $237 million.
