OPs remit $5.4 billion in 1st three months of FY19

KARACHI: Overseas Pakistani workers remitted US$ 5419.51 million in the first three months (July to September) of FY19, showing a growth of 13.14% compared with US$ 4790.01 million received during the same period in the preceding year, says a Press release.

During September 2018, the inflow of workers’ remittances amounted to US$ 1452.43 million, which is 28.70% less than

August 2018 and 12.25% higher than September 2017. The country wise details for the month of September 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 360.16 million, US$ 301.15 million, US$ 231.21 million, US$ 203.08 million, US$ 133.95 million and US$ 41.1 million respectively compared with the inflow of US$ 308.05 million, US$ 302.77 million, US$ 171.9 million, US$ 194.76 million, US$ 141.02 million and US$ 45.07 million respectively in September 2017. Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during September 2018 amounted to US$ 181.78 million together as against US$ 130.31 million received in September 2017.