Pakistan got $150 billion in remittances from 2017 to 2022, making it the fifth-most remittance receiving country in 2022. This data was shared at the second Albaraka Regional Conference on home remittances conducted on Monday.
The Saleh Kamel Islamic Economy Database uncovered that Pakistan positioned fifth among the top nations getting remittances in 2022. In particular, in 2022, Pakistan got $29.9 billion in remittances, making it a significant destination for money sent by abroad Pakistanis. These remittances assume an essential part in Pakistan's economy. They represented 33% of the nation's total imports, positioning Pakistan second among OIC (Organization of Islamic Cooperation) nations and fifth all around the world in 2022.
