A man counts US dollars in a money exchange in Karachi. — AFP/File
Remittances sent home by overseas workers increased by 10.7% to $30.3 billion in the fiscal year 2023-24 (FY24) year-on-year compared to $27.3 billion in the fiscal year 2022-23 (FY23), State Bank of Pakistan (SBP) data showed on Tuesday.
However, on a month-on-month basis, inflows eased 3% to $3.16 billion in June 2024 from $3.24 billion in May 2024, but year-on-year swelled 44% from $2.2 billion registered in the same month a year ago.
