Overseas Pakistanis sent record $3.7bn in remittances during May

(Web Desk): Workers' remittances in May were 16% higher compared to April, according to the State Bank of Pakistan.

The central bank reported that Pakistanis residing in Saudi Arabia sent a record $913.9 million in May, while $754.2 million came from the United Arab Emirates.

During the first 11 months of the current fiscal year, total workers’ remittances reached $34.89 billion, which is a 28.8% increase compared to the same period of the previous fiscal year.

From Saudi Arabia, remittances amounted to $8.52 billion over the 11-month period, while $7.11 billion was sent from the UAE during July to May.

Additionally, $5.36 billion was received from the United Kingdom, $3.43 billion from the United States, and $4.1 billion from the European Union during the same period.