KARACHI: The State Bank of Pakistan (SBP) has received $2.2 billion as workers remittances during February 2022, a statement said on Thursday.
With $2.2 billion of inflows during February 2022, workers’ remittances continued their strong performance and have remained above $2 billion since June 2020.
In terms of growth, during February 2022, remittances increased by 2 percent on m/m basis despite fewer working days compared to January and fell by 2.7 percent on y/y basis.
The overseas Pakistani workers have sent over $20 billion during first eight months (July – February) 2021/2022. The remittances have recorded a growth of 7.6 per cent during the period under review over the corresponding period of the last fiscal year.
Remittances inflows during February 2022 were mainly sourced from Saudi Arabia ($558 million), United Arab Emirates ($387 million), United Kingdom ($319 million) and United States of America ($210 million).
