Federal government receives $1 billion extra foreign remittances in five months of FY 19
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ISLAMABAD - Federal government has received $1 billion extra remittances in the first five months of FY 2018-19.
Overseas Pakistani workers remitted $9028.60 million in the first five months of FY19, showing a growth of 12.56 percent compared with $8021.18 million received during the same period in the preceding year.
During November 2018, the inflow of workers’ remittances amounted to $1608.62 million, which is 19.58 percent less than October 2018 and 2.02 percent higher than November 2017. The country wise details for the month of November 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $395.12 million, $343.21 million, $255.78 million, $228.19 million, $151.37 million and $42.18 million respectively compared with the inflow of $409.52 million, $352.64 million, $204.28 million, $213.47 million, $191.83 million and $49.06 million respectively in November 2017.
