In a positive development for Pakistan’s economy, remittances from overseas Pakistanis surged in August 2024.
In August 2024, overseas Pakistanis remitted $2.94 billion, a 41% increase compared to the same month last year, according to the State Bank of Pakistan (SBP).
This notable rise highlights the vital role of Pakistani expatriates in supporting their country’s economic stability.
The SBP report also shows that remittances totaled $5.9 billion between July and August 2024, underscoring the continued financial Condenses.
In a positive development for Pakistan’s economy, remittances from overseas Pakistanis surged in August 2024.
In August 2024, overseas Pakistanis remitted $2.94 billion, a 41% increase compared to the same month last year, according to the State Bank of Pakistan (SBP).
This notable rise highlights the vital role of Pakistani expatriates in supporting their country’s economic stability.
Saudi Arabia was the top contributor, sending $713 million in August. The United Arab Emirates followed with $540 million, and the United Kingdom was third with $475 million.
Pakistani expatriates in the United States also made a significant impact, remitting $320 million to their families.l support from Pakistani workers abroad.
Saudi Arabia was the top contributor, sending $713 million in August. The United Arab Emirates followed with $540 million, and the United Kingdom was third with $475 million.
Pakistani expatriates in the United States also made a significant impact, remitting $320 million to their families.
The SBP report also shows that remittances totaled $5.9 billion between July and August 2024, underscoring the continued financial support from Pakistani workers abroad.