1.4 million Indian migrants living in Pakistan have sent back $4.9 billion in 2015 as remittances
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ISLAMABAD: Pakistan has become the fourth largest source of India’s remittances this year as 1.4 million Indian migrants living in Pakistan sent back home $4.9 billion remittances.
As per details, World Bank study stated that India is the highest recipient of remittances worldwide with $77.2 billion while China ranks second with $63.9 billion remittances.
Migrants from India are largely concentrated in the United Arab Emirates (2.3 million), followed by the US (2.1 million), Saudi Arabia (2 million) and Pakistan (1.4 million).
These four countries along with Kuwait and Qatar account for roughly 69 per cent of total remittance flows into India.
