Expat Pakistanis Remit $16.1 billion in First 9 Months of FY18-19

Expat Pakistanis Remit $16.1 billion in First 9 Months of FY18-19

Overseas Pakistani workers remitted $16096.33 million in the first nine months (July to March) of FY18-19, showing a growth of 8.74 % compared with $14802.96 million received during the same period in the preceding year.

During March 2019, the inflow of worker's remittances amounted to $1745.80 million, which is 10.73% higher than February 2019 and 3.20% lower than March 2018.

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 $44.2 0 million respectively compared with the inflow of $427.62 million, $424.89 million, $247.1 7 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.

Source: Pro Pakistan