Pakistanis remit $9.02bn in July-Nov 2018-19
KARACHI: Overseas Pakistani workers remitted $9.028 billion in the first five months (July to November) of fiscal year 2018-19, showing a growth of 12.56 per cent compared with $8.021 billion received during the same period in the preceding year.
During November 2018, the inflow of workers’ remittances amounted to $1.608 million, which is 19.58 per cent less than October 2018 and 2.02 per cent 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 $395.12 million, $343.21 million, $255.78 million, $228.19 million, $151.37 million and $42.18 million respectively compared with the inflow of $409.52 million, $352.64 million, $204.28 million, $213.47 million, $191.83 million and $49.06 million respectively in November 2017.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during November 2018 amounted to $192.74 million together as against $155.92 million received in November 2017.
About The Author
