Workers’ remittances record $3bn inflow in March

ISLAMABAD: The overseas workers’ remittances recorded an inflow of US$3 billion during March 2024, the State Bank of Pakistan said on Monday.

In terms of growth, during the month under review, remittances increased by 31.3 percent on month on month basis and 16.4 percent on year on year basis, said a news release here.

Workers’ remittances inflow of US$ 21.0 billion has been recorded during the first nine months of the fiscal year 2023-24 as compared to US$ 20.8 same period of last year.

Workers’ Remittances inflows during March 24 were mainly sourced from Saudi Arabia (US$703.1 million), United Arab Emirates (US$548.5 million), United Kingdom (US$461.5 million) and United States of America (US$372.5 million).