Workers’ remittances recorded an inflow of US$2.5 billion during Mar 23.
In terms of growth, during Mar 23, remittances increased by 27.4 percent on m/m and decreased by 10.7 percent on y/y basis.
With cumulative inflow of US$ 20.5 billion during first nine months of FY23, the remittances decreased by 10.8 percent as compared to the same period last year.
Remittances inflows during Mar 23 were mainly sourced from Saudi Arabia ($563.9 million), United Arab Emirates ($406.7 million), United Kingdom ($422 million) and United States of America ($316 million).
