A brand new file has been set following abroad Pakistanis despatched remittances of $3.2 billion, the very best in a single month within the nation’s historical past.
In response to the most recent knowledge launched by the State Financial institution of Pakistan, the remittances of Pakistanis dwelling overseas in Might 2024 elevated by 54.2% to succeed in 3.24 billion {dollars}, which was 2.1 billion {dollars} in the identical month final 12 months.
In response to the info, staff’ remittances elevated by 15.3 % on a month-to-month foundation, which was $2.81 billion final month.
Saudi Arabia topped the checklist with $819.3 million in remittances throughout Might 2024. This quantity is regarding 56.4 % greater than a 12 months in the past.
The second-highest remittances got here from the United Arab Emirates, which despatched $668.5 million throughout Might, up almost 99.0 % year-on-year.
Pakistanis working within the UK remitted $473.2 million throughout Might, which is regarding 54.4% greater than the identical month final 12 months.