Overseas workers’ remittances clock in at $1.894bn in March | CustomNews.pk

Overseas workers’ remittances clock in at $1.894bn in March

KARACHI: The Workers’ Remittances received during July – March FY20 amounted to $16,991.6 million recording an increase $960.7 million or 6.0 percent over remittances received during July – March FY19 ($16,030.9 million). Workers’ remittances during March 2020 amounted to $1,894.4 million recording an increase of $69.4 million or 3.8 percent over remittance received during previous month (February 2020 $1,825.0 million. The remittances during March 2020 ($1,894.4 million) increased by $160.9 million or 9.3 percent over remittance received during corresponding month of FY-19 ($1,733.5 million). During March 2020, larger amounts of Workers’ Remittances are received from Saudi Arabia ($452.3 million), UAE ($420.4 million), USA ($352.4 million) and UK ($248.5 million) recording an increase of 7.2 percent, 8.6 percent, 5.5 percent for Saudi Arabia, UAE and USA respectively whereas a decrease of 2.0 from UK as compared to February 2020.
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