ISLAMABAD, Dec. 9 (Xinhua) -- Pakistan received 3.2 billion U.S. dollars in workers' remittances in November, up nearly 9.4 percent year-on-year, the State Bank of Pakistan said on Tuesday.
According to the central bank, the inflows were higher than the 2.9 billion dollars recorded in November last year. On a monthly basis, remittances declined 7 percent from October's 3.4 billion dollars.
During the first five months of the current fiscal year, remittance inflows totaled 16.1 billion dollars, marking a 9.3 percent increase compared to 14.8 billion dollars in the same period of FY25.
Saudi Arabia remained the largest source of remittances in November with 753 million dollars, followed by the United Arab Emirates with 675 million dollars and Britain with 481 million dollars. Inflows from European Union countries rose 29 percent year-on-year to 417 million dollars, while the United States contributed 277 million dollars.
Remittances remain an important source of external financing for Pakistan, helping support the country's balance of payments. ■