Overseas Pakistanis remit $9.02 billion

KARACHI: Overseas Pakistani workers remitted $9.028 billion in the first five months (July to November) of FY19, showing a growth of 12.56 percent compared with $8.021 billion received during the same period in the preceding year.

During November 2018, the inflow of workers’ remittances amounted to $1.608 billion, which is 19.58 percent less than October 2018 and 2.02 percent higher than November 2017.

The country wise details for the month of November 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $395.12 million, $343.21 million, $255.78 million, $228.19 million, $151.37 million and $42.18 million respectively compared with the inflow of $409.52 million, $352.64 million, $204.28 million, $213.47 million, $191.83 million and $49.06 million, respectively in November 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during November 2018 amounted to $192.74 million together as against $155.92 million received in November 2017.

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