Overseas Pakistanis remit US $4.8 billion in the first three months of FY18

KARACHI: Overseas Pakistani workers remitted $4.79 billion in the first three months (July to September) of FY18, compared with $4.74 billion received during the same period in the preceding year.

During September 2017, the inflow of worker’s remittances amounted to $1.29 billion, which is 33.79 percent lower than August 2017 and 19.75 percent lower than September 2016.

The country wise details for the month of September 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $308.05 million, $302.77 million, $171.9 million, $194.76 million, $141.02 million and $45.07 million respectively compared with the inflow of $437.87 million, $361.9 million, $211.14 million, $210.22 million, $182.18 million and $43.60 million respectively in September 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during September 2017 amounted to $130.31 million together as against $165.45 million received in September 2016.

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