Workers’ remittances record US$3bn inflow during July

Workers’ remittances, Overseas Pakistanis remittances

KARACHI: Remittances sent by overseas Pakistanis recorded an inflow of US$ 3 billion during July 2024, the first month of the current fiscal year, ARY News reported citing the State Bank of Pakistan (SBP).

In a statement issued here, the central bank said that in terms of growth during July 2024, remittances increased by 47.6 percent on a year-on-year basis

“Remittances inflows during July 2024 were mainly sourced from Saudi Arabia (US$761.1 million), United Arab Emirates (US$611.1 million), United Kingdom (US$ 443.5 million), and, the United States of America (US$300.1 million),” the SBP’s statement read.

Read More: Workers’ remittances increased by 54.2pc YoY in May

Earlier, the SBP reported  the workers’ remittances increased by 10.7 percent during the fiscal year 2023-24 compared to the inflows of the fiscal year 2022-23.

According to latest SBP data, workers’ remittance were recorded at US$ 30.3 billion during the fiscal year 2023-24 as compared to the inflows of US$ 27.3 billion recorded in FY2022-23.

Meanwhile, on year-on-year basis, the workers’ remittances increased by 44.4 percent to US$3.2 billion during June 2024 compared to the corresponding month of last year.



from ARY NEWS https://ift.tt/H4ba7uP

Comments

Post a Comment

Popular posts from this blog

UK set to host 2035 Women’s World Cup as sole bidder

Image
April 3 (Reuters) – The United Kingdom appears set to host the 2035 Women’s World Cup after FIFA President Gianni Infantino on Thursday described its interest as the “one valid bid” for the tournament. England, Northern Ireland, Scotland and Wales announced last month that they would submit a joint bid to host the finals. England’s men won the World Cup for the first and so far only time when the country hosted the finals in 1966. It has never staged the women’s tournament. “We are honoured to be the sole bidder for the FIFA women’s World Cup 2035,” FA CEO Mark Bullingham said in a statement. “Hosting the first FIFA World Cup since 1966 with our home nations partners will be very special. The hard work starts now, to put together the best possible bid by the end of the year.” The United States, with the possibility of other countries in the CONCACAF region joining the U.S., is also poised to be named host of the 2031 Women’s World Cup as the only bid. Infantino said the tourname...
Read more

Matric class annual exams date sheet revealed

Image
The Punjab Boards have officially announced 10th Class Matric Annual Exams 2025, set to begin on March 4, additionally, the Matric class date sheet for 2025 has also been revealed. As per the Matric class date sheet, the exams will start with Arabic for First Group students, while Second Group candidates will appear for History. The exams will be conducted during the holy month of Ramadan, creating a unique atmosphere for students, who are juggling their studies with fasting. Matric class date sheet 2025: Date Morning Evening 04 March 2025 Arabic (1st Group) History (2nd Group) 05 March 2025 English Compulsory (1st Group) English Compulsory (2nd Group) 06 March 2025 Economics Health & Physical Education 07 March 2025 Biology (1st Group), Computer Science (1st Group) Biology (2nd Group), Advanced Islamic Studies (2nd Group) 10 March 2025 Biology (1st Group), Advanced Islamic Studies (1st Group) Islamiyat (Compulsory) (2nd Group) 11 March 2025 ...
Read more

Four Israeli soldiers killed in accidental explosion in Lebanon

Image
BEIRUT: Four Israeli soldiers who were killed in southern Lebanon were likely killed in an accidental detonation of explosives as they demolished a Hezbollah tunnel laden with weapons, Israel’s Army Radio reported on Monday. The Israeli military said that four soldiers killed in combat, without providing further details. Army Radio said that the incident happened on Sunday and that an initial review found that the detonation set off secondary explosions, leading to the collapse of the tunnel while the soldiers were in it. Israeli authorities did not blame the explosion on Hezbollah or say it was a violation of the Nov. 26 ceasefire agreement, though the two sides have accused each other of other infractions over the past two weeks. A ceasefire between Israel and Lebanon’s Hezbollah was held last month after both sides accepted an agreement brokered by the U.S. and France, a rare victory for diplomacy in the Middle East wracked by two wars for over a year. Israel-Hezbollah ceasefi...
Read more