Islamabad(September 13, 2018): Overseas Pakistani workers remitted US$ 3,966.53 million in the first two months (July-August) of FY19, showing a growth of 13.45% compared with $3496.13 million received during the same period in the preceding year.
During August 2018, the inflow of worker’s remittances amounted to $2037.33 million, which is 5.60% higher than July 2018 and 4.24% higher than August 2017, according to an update issued by State Bank of Pakistan (SBP) on Tuesday.
The country-wise details for the month of August 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar, and Oman) and EU countries amounted to $ 465.53 million, $461.2 million, $ 316.89 million, $278.84 million, $ 193.17 million and $ 59.64 million respectively compared with the inflow of $511.28 million, $440.38 million, $260.34 million, $249.14 million, $230.22 million and $62.75 million respectively in August 2017.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan, and other countries during August 2018 amounted to $262.06 million together as against $200.35 million received in August 2017.
