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The remittances sent by Overseas Pakistanis decreased by 12 percent Year on Year (YoY) to US$ 26.3 billion during the Calander Year 2023 as compared to US$ 29.9 billion during 2022 (highest YoY decline after 1999).
The remittances sent by Overseas Pakistanis increased by 4 percent Year on Year (YoY) to US$ 2.3 billion during November 2023 compared to US$ 2.2 billion during November 2022.
A major shift in the behaviour of foreign workers and students has been blamed by the Office for National Statistics (ONS) for a massive underestimate of net migration.
The remittances sent by Overseas Pakistanis in October 2023 recorded an inflow of US$2.5 billion, showing an increase of 11.5 percent over the previous month.
The company, which operates seven training and upskilling centres in India including one in Calcutta, expects sustainable demand from a crescent of countries — Australia, New Zealand, Japan, Russia, Europe, the UK, Canada and the US — where there is a shortage of affordable skilled labour