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Remittance rates higher than last year, SBP – IG News

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According to the State Bank of Pakistan, remittances increased by 34% in May this year as compared to May last year.

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According to the SBP, Pakistanis remitted ڈھ 2.5 billion in May. The remittance rate is 34 percent higher in May this year than in May last year.

In the first 11 months of the current financial year, remittances from abroad stood at ارب 26.7 billion, an increase of 29% this year.

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In the first 11 months of the current financial year, آئے 7 billion came to Pakistan from Saudi Arabia and 6 5.6 billion from the UAC, the SBP said.

In the first 11 months of the current financial year, 7 3.7 billion came from the United Kingdom and 5 2.5 billion from the United States.

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