KARACHI:State Bank of Pakistan (SBP) informed on Wednesday that workers’ remittances recorded an inflow of US$2.2 billion during April 2023. In terms of growth, during April 2023, workers’ remittances decreased by 12.9 percent on month-on-month basis.

Cumulatively, with an inflow of US$ 22.7 billion, workers’ remittances fell by 13 percent during first 10 months of FY23 as compared to the same period last year. Remittances inflows during April 2023 were mainly sourced from Saudi Arabia ($489.3 million), United Arab Emirates ($382.1 million), United Kingdom ($360.7 million) and United States of America ($275.8 million).