The overseas workers’ remittances posted a decline of 12.8 percent during eleven months of fiscal year 2022-23 as the remittances fell from $28.489 billion in July-May of FY22 to $24.832 billion in the period under review. On a year-on-year basis, the overseas workers’ remittances recorded an inflow of US$2.102 billion in May 2023, posting a decrease of 10.4 percent as compared with the same month of the previous year’s inflow of $2.346 billion, according to the latest data released by State Bank of Pakistan (SBP) on Tuesday. On a month-on-month basis, the overseas workers’ remittances also decreased by 4.4 percent from $2.198 billion in April 2023 to $2.102 billion in May 2023. According to data the remittances’ inflows during May 2023 were mainly sourced from Saudi Arabia ($524 million), United Arab Emirates ($335.8 million), United Kingdom ($306.5 million) and United States of America ($257.2 million). During the May 2023, the overseas Pakistanis living in Bahrain sent $35 million, from Kuwait $65.1 million, from Qatar $72.6 million whereas $78 million were dispatched from Oman. Similarly, the inflows from Germany, France, Netherlands, Spain, Italy, Greece, Sweden, Denmark, Ireland, and Belgium were recorded at $44.3 million, $36.6 million, $4.1 million, $39.7 million, $67.8 million, $28 million, $5.5 million, $5.7 million, $8.7 million and $8.9 million respectively. Likewise, from Malaysia, Norway, Switzerland, Australia, Canada, and Japan, the workers dispatched $7.4 million, $6.6 million, $3.8 million, $43.1 million, $39.2 million, and $6.1 million respectively. Remittances from South Africa during the month under review stood at $11.2 million while that from South Korea stood at $7.7 million. Similarly, $54.1 million were received from other countries.