Skip to content Skip to Search
Skip navigation

Saudi and UAE remittances to Pakistan hit $125m in Ramadan

By Pramod Kumar
Remittances from Pakistani expatriates in the UAE reached $55 million in March Creative Commons
Remittances from Pakistani expatriates in the UAE reached $55 million in March

Saudi Arabia topped the list of countries with the highest remittance to Pakistan in March, local media reported.

Remittances from the kingdom reached a high of just over $70 million during Ramadan, rising 30 percent from $54 million in February, Dawn, an English-language media outlet in Pakistan, reported, quoting the State Bank of Pakistan’s data.

Expatriates in the UAE sent $55 million last month compared to $39 million in February.

Person, Electronics, Mobile Phone

Newsletter
Get the Best of AGBI delivered straight to your inbox every week

The US sent just over $37 million, up 28 percent month on month, while expats in the UK sent $46 million home during the holy month.

Total remittance during March reached $3 billion, the highest since April 2022.

Between July 2023 and March 2024, remittances increased nearly 1 percent year, the report said.

Latest articles

Dual-fuel container ship Ane Maersk leaves Hamburg on its maiden voyage Video length: 03:53

Shipping needs cheaper green methanol for its route to net zero

Higher costs and undersupply remain the biggest concerns for shipping companies seeking to reduce their greenhouse gas emissions by switching to green methanol.  Danish logistics company Maersk has ordered 25 vessels that can run on sustainably produced e-methanol. Its first large methanol container ship, Ane Maersk, arrived at Jebel Ali port in Dubai last week. […]

Almost all of Lebanon's visitors in the first quarter came from the Lebanese diaspora

Tourist numbers drop as Western visitors avoid Lebanon

Inbound tourism to Lebanon fell 13.5 percent year on year in the first three months of 2024, mainly as a result of Western tourists staying away, data released by the country’s Ministry of Tourism shows. It is the latest indication of damage to Lebanon’s post-crisis economy caused by the ongoing border conflict between Hezbollah and […]

Qatar Airways said it was not able to meet high post-Covid demand due to shortage of new aircraft

Qatar Airways urges Boeing and Airbus to address delays

The head of state-run Qatar Airways has urged Airbus and Boeing to address supply chain issues to prevent airlines from “bleeding”. “I know they are under so much pressure when it comes to the supply chain market,” Reuters reported, quoting Badr Mohammed Al Meer speech at the Qatar Economic Forum in Doha. Airbus and Boeing need to […]

Amanat’s education platform includes Middlesex University Dubai

Dubai’s Amanat moves ahead with education platform IPO

Amanat Holdings is planning for a potential initial public offering (IPO) of its education platform. The Dubai-listed healthcare and education investment company aims to monetise its education platform by creating a new holding company.  Advisors have been appointed to explore the monetisation options to unlock significant shareholder value, the company said in a Dubai Finanical Market filing […]