December 15, 2022
1 min read

Pakistan’s remittances keep falling

Workers’ remittances play an important role in Pakistan’s economy as they are one of the major sources of foreign exchange….reports Asian Lite News

The State Bank of Pakistan (SBP) said that the country’s remittances sent by overseas Pakistani workers decreased 4.8 per cent in November on a month-on-month basis.

The workers’ remittances recorded an inflow of $2.1 billion in November, compared to the previous month’s figure of $2.2 billion, and marked a decrease of 14.3 per cent year-on-year, Xinhua news agency quoted the latest data issued by the SBP.

With a cumulative inflow of $12 billion during the July-November period in the fiscal year of 2023, the remittances decreased by 9.6 per cent as compared to the same period last year, the figures showed.

Last month, the remittances mainly came from Saudi Arabia with $498 million, the United Arab Emirates with $377.8 million, Britain with $299.1 million, and the US with $229.4 million, according to the central bank.

Workers’ remittances play an important role in Pakistan’s economy as they are one of the major sources of foreign exchange.

ALSO READ: Jaishankar slams China, Pakistan

Previous Story

Number of cyberattacks steadily rising, 12.67 lakh during Nov 2022

Next Story

EU nod to ninth sanctions package against Russia

Latest from -Top News

Ould Tah to head AfDB

Tah, a seasoned economist and development financier, will formally assume office on 1 September 2025, taking over from Nigeria’s Dr. Akinwumi Adesina Sidi Ould Tah of Mauritania has been elected as the

Big pay bump for SA workers

The landmark move, which follows months of intense negotiations with trade unions, is expected to benefit millions of civil servants across national and provincial departments. South Africa’s government has confirmed a sweeping

Deadly floods ravage Nigeria

Triggered by torrential rains and the collapse of a nearby dam on May 28, 2025, the floods have submerged vast areas, destroyed infrastructure, and displaced thousands of residents. The death toll from

Piyush Goyal Begins Europe Visit

As part of the visit, the minister will meet top leadership of major French companies such as Vicat, Total Energies, L’Oreal, Renault, Valeo, EDF and ATR….reports Asian Lite News Union Minister of

Call to Greylist Pakistan Over Terror Links

Freddy Svane, the former Danish Ambassador to India, said that it is high time for the world to acknowledge that Pakistan remains the epicentre of terrorism in the region….reports Asian Lite News
Go toTop

Don't Miss

‘We won’t accept nuclear blackmail’

Addressing the nation, PM says that while it was true

Ambassadors of Pakistan, Sri Lanka grace Des Pardes short film

It’s the working class who understands the pain and joy