Engineering Post Report
Remittances by a large number of Pakistanis working in a number of countries around the world sending back home to their families through proper channels keep going up and down owing to various reasons and developments taking place at their places of working every now and then.
While workers remittances increased by 13 percent to $ 2.38 billion in December 2023 as compared to $ 2.10 billion in December 2022 and showing improvement of 5.5 percent to $ 2.26 billion in November 2023, cumulatively the workers remittances slowed down by 7 percent in the first half of the financial year to $ 13.45 billion from July to December 2023 . Comparatively, workers had remitted $ 14.42 billion during the first half of the last financial year.2022-23.
According to the figures officially available, remittances back home in December 2023 mainly came from Saudi Arabia $ 577.6 million, United Arab Emirates (UAE) $ 419.2 million, the United Kingdom (UK) $ 368.00 million and the United States (USA) $ 263.9 million.
