Overseas Pakistanis remit $19.62 bn in FY18

Business Recorder

 

KARACHI: Overseas Pakistani workers remitted dollars 19.623 billion during fiscal year 2017-18; showing a growth of 1.4 % compared with $19.351 billion received during the same period in the preceding year.

During June 2018, the inflow of workers’ remittances amounted to $1594.41 million, compared to $1771.21 million during

May 2018, said a SBP statement on Tuesday.

The country-wise details for the month of June 2018 show that inflows from Saudi Arabia, United Arab Emirates, United States of America ,United Kingdom, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union 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 US $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 in June 2017.