Overseas Pakistanis remit $19.62 billion during FY18

Author: Staff Report

Karachi: Overseas Pakistani workers remitted $19622.62 million during FY18 showing a growth of 1.4% compared with $19351.36 million received during the same period in the preceding year.

During June 2018, the inflow of worker’s remittances amounted to $1594.41 million, compared to $1771.21 million during May 2018.

The country wise details for the month of June 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $336.61 million, $340.55 million, $248.79 million, $245.10 million, $163.53 million and $62.14 million respectively compared with the inflow of $438.07 million, $414.25 million, $265.52 million, $252.50 million, $232.89 million and $56.97 million respectively in June 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during June 2018 amounted to $197.69 million together as against $180.04 million received inJune 2017.

Published in Daily Times, July 11th 2018.

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