Overseas Pakistanis remit US $16.25bn in first ten months of FY18

KARACHI (Web Desk) – The overseas Pakistani workers remitted US $16257 million in the first ten months (July to April) of fiscal year 2018 (FY18), showing a growth of 3.92 % compared with US $15643.97 million received during the same period in the preceding year.

During April 2018, the inflow of workers’ remittances amounted to US $1650.59 million, which is 6.89percent lower than March 2018 and 7.25% higher than April 2017.

The country wise details for the month of April 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $399.56 million, US $358.28 million, US $240.39 million, US $232.58 million, US $167.68 million and US $54.74 million respectively compared with the inflow of US $439.13 million, US $344.01 million, US $199.69 million, US $191.62 million, US $175.18 million and US $41.89 million respectively in April 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during April 2018 amounted to US $197.36 million together as against US $147.42 million received in April 2017.

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