KARACHI: According to the most recent data from the central bank released Tuesday, the amount of money that Pakistanis living abroad returned home decreased 10.5% month over month to $2.4 billion in September 2022.The decrease in remittances happened once travel became more accessible and inflation started to cut into discretionary income.
The State Bank of Pakistan (SBP) reports that the amount of money that Pakistanis living abroad sent home in remittances decreased to $2.4 billion in September, down 10.5% from the previous month and 12.3% from the previous year.Pakistan had a dip in September when travel picked up again after several months of being prohibited to stop the spread of the worldwide pandemic. COVID-19.Receptions stayed above the $2 billion mark for the 28th consecutive month, it should be emphasised.
