Overseas Pakistanis remit $8b in 5 months
KARACHI – Overseas Pakistani workers remitted $8021.18 million in the first five months (July to November) of ongoing financial year (FY18), compared with $7919.74 million received during the same period in the preceding year.
During November 2017, the inflow of workers remittances amounted to $1576.72 million, which is 4.7% lower than October 2017 and 2.6% lower than November 2016. The country-wise details for the month of November 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $409.52 million, $352.64 million, $204.28 million, $213.47 million, $191.83 million and $49.06 million respectively compared with the inflow of $465.19 million, $362.82 million, $194.04 million, $192.8 million, $193.12 million and $37.03 million respectively in November 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2017 amounted to $155.92 million together as against $173.35 million received in November 2016.