Remittances surge by 13% to $2.38b in Dec 2023

The inflows of workers’ remittances sent home by overseas Pakistanis increased by 13% to $2.38 billion in December 2023, as they dispatched the funds through official channels following the return of stability in the rupee-dollar parity and the crackdown against illegal currency networks.

The improvement in remittances fuelled the ongoing gradual rally in the rupee against the US…