Finance Saudi and UAE remittances to Pakistan hit $125m in Ramadan By Pramod Kumar April 10, 2024, 4:54 AM 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. NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet 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. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
