Overseas Pakistanis remit $5.4bn in first 3 months of FY20

Business Recorder on October 11, 2019

KARACHI: The overseas Pakistani workers remitted $5.478 billion in the first three months (July to September) of FY20, compared with $5.557 billion received during the same period in the preceding year. According the data issued by the State Bank of Pakistan (SBP) on Thursday, during September 2019, the inflow of workers remittances amounted to $1.747 billion, which is 3.4 percent higher than August 2019 and 17.6 percent higher than September 2018. The country-wise details for the month of September 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $420.88 million, $363.34 million, $281.91 million, $264.89 million, $162.77 million and $53.20 million respectively compared with the inflow of $360.16 million, $308.13 million, $240.49 million, $216.75 million, $134.49 million and $41.14 million respectively in September 2018.

Source: https://www.brecorder.com/2019/10/11/529551/overseas-pakistanis-remit-5-4bn-in-the-first-3-months-of-fy20/