Overseas Pakistanis remit $12.77 billion in the first seven months of FY19

KARACHI: Overseas Pakistani workers remitted $12.77 billion in the first seven months of FY19 (July-January 2018-19) as compared with $11.383 billion received during the same period in the preceding year.

During January 2019, the inflow of workers’ remittances amounted to $1.743 billion, which is 0.3 percent lower than December 2018 and 6.4 percent higher than January 2018.

The country wise details for the month of January 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $403.92 million, $352.12 million, $272.32 million, $295.13 million, $166.50 million and $42.89 million respectively compared with the inflow of $383.91 million, $351.58 million, $223.94 million, $235.10 million, $186.33 million and $56.4 million respectively in January 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during January 2019 amounted to $210.36 million together as against $201.46 million received in January 2018.[the_ad id=”31605″]

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