Pakistan – Snapshot of Remittance Inflows to Pakistan between January 2019 and February 2024

This report on remittance inflows to Pakistan from 2019 to 2024 details the fluctuating trends in money sent home by the Pakistani diaspora. The report highlights the economic impact of these financial transfers. Initially, remittances grew significantly, reaching USD 31 billion in 2021, but this was followed by a decline, with 2023 seeing a drop to USD 26.3 billion, largely due to economic issues in the Gulf Cooperation Council countries and restrictive financial policies in Pakistan. Despite these challenges, remittance inflows remained a critical source of foreign exchange and economic stability, particularly during crises such as the COVID-19 pandemic and the 2022 floods.