Overseas Pakistani Remittances register Rise, Top 5 Remitting countries to Pakistan
KARACHI: Overseas Pakistani workers remitted $15,126 million during the first eight months of the current fiscal year, an increase of 5.4pc or $770.7 million when compared with $14,355.8 billion received during the same period of last year.
On a year-on-year basis, the country received remittances worth $1,824.3 million in February 2020, a growth of 15.3pc or $242.5 million when compared with $1,581.8 million received in February 2019, according to data released by the State Bank of Pakistan
When comparing remittances received during February 2020 and that received in January 2020, almost all countries witnessed a decline.
Remittances received from Saudi Arabia, UAE, USA and UK stood at $421.96 million, $387.1 million, $333.5 million and $253.5 million, respectively. This is a decline of 2.6pc, 2.1pc, 0.5pc and 15.2pc respectively, when compared to January 2020.