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Overseas Pakistanis remit US $6.4 billion in the first four months of FY18

Discussion in 'Pakistan Economy' started by Shahzaz ud din, Nov 11, 2017.

  1. Shahzaz ud din

    Shahzaz ud din SENIOR MEMBER

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    Overseas Pakistanis remit US $6.4 billion in the first four months of FY18
    The Frontier Post
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    F.P. Report

    KARACHI: Overseas Pakistani workers remitted US $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.

    During October 2017, the inflow of worker’s remittances amounted to US $1654.45 million, which is 27.87% higher than September 2017 and 5.99% 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 US $461.07 million, US $333.57 million, US $215.64 million, US $270.46 million, US $184.76 million and US $51.12 million respectively compared with the inflow of US $470.19 million, US $358.38 million, US $183.26 million, US $173.4 million, US $183.13 million and US $35.36 million respectively in October 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during October 2017 amounted to US $137.83 million together as against US $157.30 million received in October 2016.
     
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