Aaj TV English News - News https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Mon, 06 Apr 2026 16:24:00 +0500 Mon, 06 Apr 2026 16:24:00 +0500 60 Remittances decline 14.9% month-on-month, amount to $2.14bn in Jan https://english.aaj.tv/news/30278427/ <p><strong>Remittances from overseas workers declined 14.9% month-on-month in January 2022, amounting to $2.14 billion, said the State Bank of Pakistan (SBP) on Friday.</strong></p> <p>This is the lowest monthly remittance figure since August 2020.</p> <p>"At $2.14 billion in January 2022, workers’ remittances remained above $2 billion for the 20th consecutive month," said the SBP. "Remittances declined 5% compared to January 2021, partly reflecting an easing of travel restrictions.</p> <p>"Compared to the previous month, they fell by 14.9% due to seasonality."</p> <p>Remittance inflow during December 2021 stood at $2.5 billion.</p> <p>However, during the 7 months of FY22 (July-January), remittances have risen to a record $18 billion, 9.1% higher than the same period last year, added the central bank.</p> <p>Remittance inflows during January 2022 were mainly sourced from Saudi Arabia ($540 million), United Arab Emirates ($374 million), United Kingdom ($320 million) and United States of America ($208 million), data showed.</p> <p>Pakistan heavily relies on remittance inflows to boost its foreign currency reserves that remain under pressure due to a high current account deficit, imports and external debt repayments.</p> Remittances from overseas workers declined 14.9% month-on-month in January 2022, amounting to $2.14 billion, said the State Bank of Pakistan (SBP) on Friday.

This is the lowest monthly remittance figure since August 2020.

"At $2.14 billion in January 2022, workers’ remittances remained above $2 billion for the 20th consecutive month," said the SBP. "Remittances declined 5% compared to January 2021, partly reflecting an easing of travel restrictions.

"Compared to the previous month, they fell by 14.9% due to seasonality."

Remittance inflow during December 2021 stood at $2.5 billion.

However, during the 7 months of FY22 (July-January), remittances have risen to a record $18 billion, 9.1% higher than the same period last year, added the central bank.

Remittance inflows during January 2022 were mainly sourced from Saudi Arabia ($540 million), United Arab Emirates ($374 million), United Kingdom ($320 million) and United States of America ($208 million), data showed.

Pakistan heavily relies on remittance inflows to boost its foreign currency reserves that remain under pressure due to a high current account deficit, imports and external debt repayments.

]]> https://english.aaj.tv/news/30278427 Sat, 12 Feb 2022 01:21:27 +0500 none@none.com (Business Recorder) Remittances declined 5% compared to January 2021.