Overseas Pakistani workers remit $7.478 billion in four months

KARACHI: Overseas Pakistani workers remitted US$ 7.478 billion in the first four months (July to October) of FY20, compared with US$ 7.617 billion received during the same period in the preceding year, central bank reported.

During October 2019, the inflow of workers’ remittances amounted to US$ 2.0 billion, which is 14.46% higher than September 2019 and 2.88% lower than October 2018.

The country wise details for the month of October 2019 show the inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 468.18 million, US$ 398.96 million, US$ 322.38 million, US$ 328.69 million, US$ 191.77 million and US$ 60.94 million respectively compared with the inflow of US$ 494.53 million, US$ 419.41 million, US$ 325.19 million, US$ 322.29 million, US$ 200.87 million and US$ 57.42 million respectively in October 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during October 2019 amounted to US$ 229.88 million together as against US$ 240.57 million received in October 2018.

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