Wed, 2024-10-09 16:57
KARACHI: Pakistan recorded year-on-year growth of 29 percent in workers’ remittances with inflows of $2.8 billion in September, the central bank said on Wednesday, with the highest contributions from Saudi Arabia and the UAE.
Remittances bring billions of dollars annually from overseas Pakistanis and are vital to the country’s struggling economy. These inflows bolster foreign exchange reserves, stabilize the balance of payments, and support the Pakistani currency.
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Read the full story at the Arab News Pakistan website.
