Overseas workers’ remittances clock in $11.39 billion in first half

KARACHI: Overseas Pakistani workers remitted $11.394 billion in the first half (July to December) of FY20, showing a growth of 3.31% compared with $11.030 billion received during the same period in the preceding year.

During December 2019, the inflow of workers’ remittances amounted to $2.097 billion, which is 15.25% higher than November 2019 and 20% higher than December 2018.

The country wise details for the month of December 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $472.94 million, $427.56 million, $357.45 million, $324.57 million, $205.73 million and $56.42 million respectively compared with the inflow of $414.59 million, $351.19 million, $276.29 million, $267.79 million, $174.42 million and $47.48 million respectively in December 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during December 2019 amounted to $252.56 million together as against $216.35 million received in December 2018.

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