Home / Latest News / Worker remittances cross USD 3 billion for the first time ever: SBP

Worker remittances cross USD 3 billion for the first time ever: SBP

SBP

SBP

ISLAMABAD: State Bank of Pakistan (SBP) said on Friday that with USD 3.1 billion inflows during April 2022, workers remittances crossed USD 3 billion for the first time ever.

According to a press release of the SBP issued on Friday said that in terms of growth, during April 2022, remittances increased by 11.2 percent on month on month basis and 11.9 percent on year on year basis.

SBP further said that cumulatively, at USD 26.1billion, remittances grew by 7.6 percent during ten (10) months of the Financial year 2021-22 compared to the same period of the last fiscal.

It added that remittances inflow during April 2022were mainly sourced from Saudi Arabia, (USD 707 million), United Arab Emirates (USD 614 million), United Kingdom (USD 484 million) and the United Sates of America (USD 346 million).

About Web Desk

Leave a Reply

PHP Code Snippets Powered By : XYZScripts.com