Overseas Pakistanis remit US $20.19bn in first 11 months of FY19
The inflow of workers remittances amounted to $2.31 billion
KARACHI (Dunya News) – Overseas Pakistani workers remitted $20.19 billion in the first eleven months (July to May) of FY19, showing a growth of 10.42pc compared with $18.28 billion received during the same period of the preceding year.
During May 2019, the inflow of worker’s remittances amounted to $2.31 billion, which is 30.17pc higher than April 2019 and 28.36pc higher than May 2018.
The country wise details for the month of May 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $493.73 million, US $476.57 million, US $346.81 million, US $387.09 million, US $237.76 million and US $70.61 million respectively compared with the inflow of US $432.05 million, US $373.85 million, US $290.26 million, US $269.11 million, US $178.96 million and US $60.34 million respectively in May 2018.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during May 2019 amounted to US $303.17 million together as against US $199.51 million received in May 2018.
