Overseas Pakistanis remit $16.1bn in July-March 2018-19
KARACHI: Overseas Pakistani workers remitted $16.096 billion in the first nine months (July to March) of 2018-19, showing a growth of 8.74 per cent compared with $14.803 billion received during the same period in the preceding year.
During March 2019, the inflow of worker’s remittances amounted to $1.746 billion, which is 10.73 per cent higher than February 2019 and 3.20 per cent lower than March 2018.
The country wise details for the month of March 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $405.87 million, $378.14 million, $271.11 million, $281.26 million, $167.80 million and $44.20 million respectively compared with the inflow of $427.62 million, $424.89 million, $247.17 million, $258.96 million, $183.79 million and $58.91 million respectively in March 2018.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during March 2019 amounted to $197.41 million together as against $202.26 million received in March 2018.
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