Pak expats' remittances decline by 19pc in Dec 22.

ISLAMABAD -- Inflow of overseas workers' remittances flowing into Pakistan dropped by 19 per cent in December to $2 billion from $2.52 billion recorded in the same month 2021. 'Workers' remittances recorded an inflow of US$2.0 billion during Dec 22. During Dec 2022, remittances decreased by 3.2 percent on m/m and by 19.0 percent on y/y basis,' State Bank of Pakistan reported on Friday. Meanwhile, the remittances received during the first six months (July-December) of the current fiscal year period (FY23) fell 11per cent to $14.052 billion from $15.807 billion in the first half of FY22. Monthon-month, the inflows sent home by the Pakistani diaspora working abroad decreased by 3.2per cent to $ 2.108 billion in November 2022. overseas Pakistanis in Saudi Arabia remitted the single...