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Overseas Pakistanis remit $16.25b in ten months

Overseas Pakistanis remit $16.25b in ten months

2018-05-11T01:08:00+05:00 NNI

KARACHI - Overseas Pakistani workers remitted $16257 million in the first ten months (July to April) of FY18, showing a growth of 3.92 percent compared with US $15643.97 million received during the same period in the preceding year. During April 2018, the inflow of workers’ remittances amounted to $1650.59 million, which is 6.89 percent lower than March 2018 and 7.25pc higher than April 2017.  The country-wise details for the month of April 2018 showed that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $399.56 million, $358.28 million, $240.39 million, $232.58 million, $167.68 million and $54.74 million respectively compared with the inflow of $439.13 million, $344.01 million, $199.69 million, $191.62 million, $175.18 million and $41.89 million respectively in April 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during April 2018 amounted to $197.36 million together as against $147.42 million received in April 2017.

 

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