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Al Jazeera
Al Jazeera
Business

Pakistan’s flailing economy hit by drop in worker remittances

A man counting Pakistani rupee notes [Fayaz Aziz/Reuters]

Remittances sent home by Pakistanis working abroad fell to $27bn for the fiscal year 2023, compared with $31.3bn a year earlier, the country’s central bank said on Monday.

Remittances for June slumped to $2.2bn from $2.8bn a year earlier, central bank data showed. The remittances were mainly sourced from Saudi Arabia ($515.1m), the United Kingdom ($343m), the United Arab Emirates ($324.7m) and the United States ($272.3m).

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