Overseas Pakistanis remit $3.9 bn in two months of FY19
Last updated on: 13 September,2018 08:50 pm
During August 2018, the inflow of worker's remittances amounted to $2037.33 million.
ISLAMABAD (APP) – Overseas Pakistani workers remitted US$ 3,966.53 million in the first two months (July-August) of FY19, showing a growth of 13.45% compared with $3496.13 million received during the same period in the preceding year.
During August 2018, the inflow of worker’s remittances amounted to $2037.33 million, which is 5.60% higher than July 2018 and 4.24% higher than August 2017, according to an update issued by State Bank of Pakistan (SBP) on Tuesday.
The country wise details for the month of August 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $ 465.53 million, $461.2 million, $ 316.89 million, $278.84 million, $ 193.17 million and $ 59.64 million respectively compared with the inflow of $511.28 million, $440.38 million, $260.34 million, $249.14 million, $230.22 million and $62.75 million respectively in August 2017.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during August 2018 amounted to $262.06 million together as against $200.35 million received in August 2017.