Data released by the State Bank of Pakistan (SBP) showed that remittances fell to $1.9 billion in January 2023, compared to $2.1 billion in December 2022 and $2.18 billion in January 2022. In May 2020, remittance stood at $1.865 billion, Geo News reported.Remi
Remittances sent home by overseas Pakistani workers fell to over a two-year low as the dollar cap imposed to stabilise the rupee against the US dollar by the government earlier prompted illegal transfers through hundi, hawala, and other .
Remittances sent home by overseas Pakistani workers plunged to more than a two-year-low as the cap imposed on the US dollar forced transfers via illegal channels — hundi, hawala, and.