Pakistan ranked 7th amongst top 10 recipients globally of foreign remittances
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ISLAMABAD - Pakistan was ranked 7th amongst the top ten recipients of remittances globally in 2018 receiving $20.9 billion and with India ranked at 1st with $79.5 billion. Image: World Bank
In South Asia, Pakistan was ranked 2nd behind India which bagged the 1st position for remittances.
According to WB, employment opportunities contracted in the Gulf Cooperation Council (GCC) countries contracted in 2017 and 2018, mostly in Saudi Arabia because of nationalization policies, as highlighted by lower deployments in Pakistan (-26% during January–August 2018 and 41% in 2017).
