Overseas Pakistanis send $6.44bn in first four months

Overseas Pakistanis send $6.44bn in first four months

KARACHI: Overseas Pakistani workers remitted $6444.46 million in the first four months (July to October) of FY18, compared with US $6301.39 million received during the same period in the preceding year, State Bank of Pakistan (SBP) said on Thursday.

During October 2017, the inflow of worker’s remittances amounted to $1654.45 million, which is 27.87 percent higher than September 2017 and 5.99 percent higher than October 2016.
The country wise details for the month of October 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $461.07 million, $333.57 million, $215.64 million, $270.46 million, $184.76 million and US $51.12 million respectively compared with the inflow of $470.19 million, $358.38 million, $183.26 million, $173.4 million, $183.13 million and $35.36 million respectively in October 2016.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during October 2017 amounted to $137.83 million together as against $157.30 million received in October 2016.

Source: pkrevenue

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