The State Bank of Pakistan informed on Tuesday that workers’ remittances recorded an inflow of US$3.2 billion in the month of June 2024.

According to a SBP statement, in terms of growth, during June 2024, remittances increased by 44.4 percent on year-on-year basis.

Cumulatively, with inflow of US$30.3 billion workers’ remittances increased by 10.7 percent during FY24 compared to inflow of US$ 27.3 billion recorded in FY23.

Remittances inflows during June 2024 were mainly sourced from Saudi Arabia (US$808.6 million), United Arab Emirates (US$654.3 million), United Kingdom (US$487.4 million) and United States of America (US$322.1 million).