Overseas Pakistanis remit 13.14% to $7.4bn in Jul-Oct 2018-19
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KARACHI: Overseas Pakistani workers remitted $7.419 billion, up by 13.14 per cent in the first four months (July to October) of 2018-19, compared with $6.444 billion received during the same period last year, said State Bank of Pakistan (SBP) statement here on Friday.
During October 2018, the inflow of worker’s remittances amounted to $2.000 billion, which is 37.7 per cent higher than September 2018 and 20.9 per cent higher than October 2017.
The country wise details for the month of October 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $494.53 million, $412 million, $308.78 million, $298.80 million, $198.30 million and $57.36 million respectively compared with the inflow of $461.07 million, $333.57 million, $215.64 million, $270.46 million, $184.76 million and $51.12 million respectively in October 2017.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during October 2018 amounted to $230.68 million together as against $137.83 million received in October2017.
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