Overseas Pakistanis remit $10.7 billion in six months

KARACHI: Overseas Pakistani workers remitted $10.718 billion in the first half (July to December) of the current fiscal year FY19, showing a growth of 10 percent compared with $9.744 billion received during the same period in the preceding year, State Bank of Pakistan (SBP) said.

During December 2018, the inflow of workers’ remittances amounted to $1.690 billion, which is 5.07 percent higher than November 2018 and 1.93 percent lower than December 2017.

The country wise details for the month of December 2018 show the inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $414.84 million, $341.58 million, $262.83 million, $247.06 million, $171.56 million and $45.62 million respectively compared with the inflow of $431.97 million, $396.74 million, $234.76 million, $223.30 million, $188.76 million and $54.87 million respectively in December 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during December 2018 amounted to $206.69 million together as against $193.17 million received in December 2017.



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