Overseas Pakistanis remit $9.02b in the first 5 months of FY19

KARACHI: Overseas Pakistani workers remitted US$9028.60million in the first five months (July to November) of FY19, showing a growth of 12.56% compared with US$8021.18million received during the same period in the preceding year.

During November 2018, the inflow of workers’ remittances amounted to US$1608.62million, which is 19.58% less than October 2018 and 2.02% higher than November 2017. The country wise details for the month of November 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$395.12million, US$343.21million, US$255.78million, US$228.19million, US$151.37million and US$42.18million respectively compared with the inflow of US$409.52million, US$352.64million, US$204.28million, US$213.47million, US$191.83million and US$49.06million respectively in November 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during November 2018 amounted to US$192.74 million together as against US$155.92 million received in November 2017.