Workers’ remittances up

Pakistan Observer

Karachi: Workers’ Remittances received during July – April FY20 amounted to US $ 18.781 billion recording an increase $ 980.6 million or 5.5 percent over remittances received during July – April FY19 ($ 17.801 billion). Workers’ remittances during April 2020 amounted to $ 1.790 billion recording a decrease of $ 104.4 million or 5.5 percent over remittance received during previous month (March 2020, $ 1.894 billion). The remittances during April 2020 ($ 1.790 billion) increased by $ 19.8 million or 1.1 percent over remittance received during corresponding month of FY 19 ($ 1.770 billion). During April 2020, larger amounts of Workers’ Remittances are received from Saudi Arabia ($ 451.4 million), USA ($ 401.9 million), UAE ($ 353.8 million) and UK ($ 226.6 million) recording an increase of 14.0 percent for USA whereas a decrease of 0.2 percent, 15.8 percent and 8.8 percent for Saudi Arabia, UAE and UK respectively as compared to March 2020.