The country received record-high remittances of $2.8 billion in the month of March, 28.3 per cent higher over last month and 3.2pc more than the same month last year, the State Bank of Pakistan (SBP) said on Thursday.

"Workers’ remittances rose to their highest level in history at $2.8 billion in March 22. Cumulatively, remittances have risen to $23 billion during the first 9 months of FY22," the central bank said.

The country-wise breakdown of remittances sent by Pakistanis working overseas. — SBP chart
The country-wise breakdown of remittances sent by Pakistanis working overseas. — SBP chart

"Cumulatively at $ 23bn, remittances grew by 7.1pc during first three quarters of FY22 compared with last year."

The SBP data shows that remittances from the entire Arab region have recorded significant growth.

"Remittances inflows during March 2022 were mainly sourced from Saudi Arabia ($678mn), United Arab Emirates ($515mn), United Kingdom ($401mn) and the United States of America ($300mn)," the SBP added.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Window dressing
Updated 17 Jun, 2025

Window dressing

Meanwhile, the provinces lack the resources and expertise to implement adaptation measures effectively.
No revenue effort
17 Jun, 2025

No revenue effort

WITH the ruling PML-N’s next budget unfolding large infrastructure schemes, and expenditure focusing on service...
Pomp and circumstance
17 Jun, 2025

Pomp and circumstance

THE sight of columns of tanks rolling down a boulevard, accompanied by troops goose-stepping in lockstep, was a...
Close the gap
Updated 16 Jun, 2025

Close the gap

Our imbalanced scorecard in the main shows that power development and prosperity reflect the shallowness of political claims.
Fiscal malfeasance
16 Jun, 2025

Fiscal malfeasance

IT is galling that, even in these times of economic distress, when hardship has pushed millions of ordinary...
Rochdale conviction
16 Jun, 2025

Rochdale conviction

THE recent conviction of seven men in the Rochdale grooming gang case is a hard-won moment of justice. The men, ...