Overseas Pakistanis remit $14.3bn up 11.82% in July-Feb of 2018-19
KARACHI: Overseas Pakistani workers remitted $14,350 billion in the first eight months (July to February) of 2018-19, showing a growth of 11.82 per cent compared with $12,833 billion received during the same period in the preceding year, the State Bank of Pakistan (SBP) statement said here on Monday.
During February 2019, the inflow of worker’s remittances amounted to $1,576 billion, which is 9.56 per cent lower than January 2019 and 8.71 per cent higher than February 2018, the statement said.
The country wise details for the month of February 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $370.04 million, $335.66 million, $240.80 million, $251.99 million, $152.25 million and $37.71 million respectively compared with the inflow of $348.31 million, $332.18 million, $207.27 million, $201.01 million, $149.4 million and $48.65 million respectively in February 2018.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during February 2019 amounted to $188.06 million together as against $163.35 million received in February 2018.
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