Karachi: During October 2024, the arrival of 3.1 billion dollars in remittances of workers living abroad was recorded.
In terms of growth, remittances increased by 6.7 percent and 23.9 percent on month-on-month and year-on-year basis, respectively, according to a statement by the State Bank of Pakistan regarding workers’ remittances.
Overall workers’ remittances reached $11.8 billion during July-October FY25, which represents an increase of 34.7% compared to $8.8 billion in July-October FY24.
During October 2024, most of the remittances came from Saudi Arabia ($766.7 million), while $620.9 million came from the United Arab Emirates, $429.5 million from the United Kingdom, and $299.3 million from the United States.
