ISLAMABAD – The overseas Pakistani workers remitted $14.350 billion in thefirst eight months (July to February) of FY19, showing a growth of 11.82percent as compared with the corresponding period of FY18.
During the eight months of FY18, the overseas Pakistani workers remitted$12.833 billion.
According to data issued by State Bank of Pakistan (SBP), during February2019, the inflow of workers” remittances amounted to $1576.51 million,which is 9.56 percent lower than January 2019 and 8.71 percent higher thanFebruary 2018.
The country wise details for the month of February 2019 show that inflowsfrom Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait,Qatar and Oman) and EU countries amounted to $370.04 million, $335.66million, $240.80 million, $251.99 million, $152.25 million and $37.71million respectively compared with the inflow of $348.31 million, $332.18million, $207.27 million, $201.01 million, $149.4 million and $48.65million respectively in February 2018.
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Remittances received from Malaysia, Norway, Switzerland, Australia, Canada,Japan and other countries during February 2019 amounted to $188.06 milliontogether as against $163.35 million received in February 2018.
