Remittance

SBP Reports Record USD 30.3 Billion in Remittances for FY24

SBP Reports Record USD 30.3 Billion in Remittances for FY24

Islamabad: As reported by the State Bank of Pakistan (SBP), overseas workers sent USD 30.3 billion home in the fiscal year 2023–24 (FY24), a 10.7% rise from USD 27.3 billion in FY23. The news was obtained from a July 9 story. The data indicates that this increase is the result of more money being moved through authorized routes. In June 2024, remittances dropped 3% month-on-month to USD 3.16 billion...

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