The State Bank of Pakistan (SBP) reported 29% increase in remittances in December 2024 compared to December 2023, with inflows reaching $3.10 billion.
According to SBP, remittances in December also showed a 6% growth compared to November 2024.
The report further highlighted that during the first six months of the fiscal year (July-December 2024), remittances sent by overseas Pakistanis totaled $17.80 billion, reflecting a 33% year-on-year increase.
The central bank on December 10, reported that the workers’ remittances increased by 33.6 per cent during the first five months of the current fiscal year as compared to the corresponding period of last year.
