Pakistan remittances 2024

Overseas remittances to Pakistan surge by 31% in 2024

Remittances from overseas Pakistanis recorded a significant increase in 2024, rising by 31%. Over $21 billion were sent to Pakistan from key sources including Saudi Arabia, the UAE, the USA, the UK, the European Union, and other countries, marking a vital milestone for the nation’s economy.

Pakistan’s credit rating upgrade to Caa1 reflects IMF-backed fiscal reforms, SOE restructuring, and exchange rate flexibility, boosting global investor confidence. — ORIGINAL/THE THURSDAY TIMES
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