State Bank released details of the received foreign remittances in July andAugust. According to the Central Bank, there was a 22% decrease in foreignremittances in July and August 2023 compared to the previous year.
Foreign remittances in July and August 2023 amounted to $4.1 billion,whereas they were $5.2 billion in the same period last year. State Bankreports that there was a 3.1% increase in Pakistani Foreign remittances inAugust compared to July, with foreign remittances. totaling $2.929 billionin August. In comparison to August last year, foreign remittances havedecreased by 24%. Foreign remittances in August 2022 amounted to $2.744billion.
