Remittances elevated by 3.1% on month-on-month foundation in August

Karachi: Based on the State Financial institution of Pakistan, employees’ remittances elevated by 3.1 % month-on-month in August 2023.

Based on the central financial institution, employees acquired $2.1 billion in remittances in August 2023. Based on the assertion, a complete of 4.1 billion {dollars} was acquired within the type of remittances in July-August of FY24.

As well as, the principle sources of remittances in August 2023 embody Saudi Arabia ($490.1 million), United Kingdom ($331.3 million), United Arab Emirates ($308.0 million) and the USA ($262.4 million), respectively.