Overseas Pakistanis remit $2 billion in the first month of FY20

KARACHI: Overseas Pakistani workers remitted $2.039 billion in the first month (July) of FY20 as compared with $1.98 billion received during the same period in the preceding year.

During July 2019, the inflow of worker’s remittances amounted to $ 2.039 billion, which is 23.91% more than June 2019 and 2.9% more than July 2018.

The country wise details for the month of July 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $470.95 million, $427.33 million, $332.37 million, $299.27 million, $198.06 million and $58.30 million respectively compared with the inflow of $437.48 million, $446.25 million, $291.87 million, $298.51 million, $199.30 million and $64.96 million respectively in July 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during July 2019 amounted to $253.01 million together as against $243.35 million received in July 2018.

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