Saudi Arabia remains top contributor as Pakistan remittances increase 3.1 percent month-on-month

A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on November 30, 2018. (AFP/File)
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Updated 11 September 2023
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Saudi Arabia remains top contributor as Pakistan remittances increase 3.1 percent month-on-month

  • $2.1 billion in remittances sent by Pakistanis working abroad in August this year
  • $490.1 million received from Saudi Arabia, $331.3 million from UK, $308 million from UAE

KARACHI: Pakistan’s remittances increased by 3.1 percent in August on a month-on-month basis, the central bank said on Monday, with Saudi Arabia remaining the largest contributor.

The South Asian country recorded $2.1 billion in remittances sent by Pakistanis working abroad in August this year, according to the State Bank of Pakistan (SBP).

“Remittances inflows during Aug 2023 were mainly sourced from Saudi Arabia ($490.1 million), United Kingdom ($331.3 million), United Arab Emirates ($308.0 million) and United States of America ($262.4 million),” the central bank said.

“Workers’ remittances inflow of $ 4.1 billion has been recorded during Jul-Aug FY24 on a cumulative basis.”

Pakistan and Saudi Arabia have deep cultural, defense and economic ties and the Kingdom is home to over two million Pakistanis and for years has remained the largest contributor to remittance inflows.


Pakistan Navy chief in Malaysia to strengthen operational cooperation, discuss maritime security

Updated 08 February 2026
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Pakistan Navy chief in Malaysia to strengthen operational cooperation, discuss maritime security

  • Pakistan Navy chief in Malaysia to strengthen operational cooperation, discuss maritime security
  • Navy chief calls for strengthened cooperation between hydrographic offices of both countries 

ISLAMABAD: Pakistan Navy chief Admiral Naveed Ashraf is in Malaysia where he held talks with the leadership of the Royal Malaysian Navy (RMN) to enhance operational cooperation, capacity building and responses to maritime security challenges, the Pakistani Navy said on Sunday.

Pakistan and Malaysia have historically enjoyed close ties ever since they established diplomatic ties in 1957. Both countries have strengthened cooperation in various sectors such as defense, trade, economy, manpower exports and education over the years.

Ashraf was received at the RMN’s headquarters by Admiral Tan Sri (Dr.) Zulhelmy bin Ithnain, the RMN chief, Pakistan’s Navy said in a statement. 

“Discussions focused on aligning strategic perspectives and enhancing operational cooperation, capacity building, and coordinated responses to maritime security challenges,” the statement said. 

Ashraf highlighted Pakistan Navy’s contributions to regional stability through the Regional Maritime Security Patrols and its participation in the Combined Maritime Forces.

He also visited Malaysia’s National Hydrographic Center, calling for strengthened cooperation with Pakistan’s National Hydrographic Office in training, data exchange, and professional collaboration.

“The visit reaffirmed the enduring Pakistan-Malaysia naval partnership and commitment to future-oriented maritime cooperation,” Pakistan Navy said. 

Pakistan’s army, navy and air force have aimed to strengthen bilateral cooperation with their counterparts since last year when Pakistan and India were embroiled in a brief military confrontation. 

Both countries pounded each other with missiles, drone strikes, fighter jets and artillery fire for four days until Washington brokered a ceasefire between them on May 10.