Overseas Pakistani Remittances register growth, top 10 countries for Pakistan

Shares
Overseas Pakistani Remittances register growth, top 10 countries for Pakistan

KARACHI: Overseas Pakistani workers remitted USD 7478.09 million in the first four months (July to October) of FY20, compared with $7617.089 million received during the same period in the preceding year.

During October 2019, a SBP press release on Tuesday said, the inflow of workers remittances amounted to $2,00.80 million, which is 14.46% higher than September 2019 and 2.88% lower than October 2018. The country-wise details for the month of October 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman).

The European Union countries amounted to $ 468.18 million, $ 398.96 million, $322.38 million, $ 328.69 million, $ 191.77 million and $ 60.94 million respectively compared with the inflow of $ 494.53 million, $ 419.41 million, $ 325.19 million, $ 322.29 million, $ 200.87 million and $ 57.42 million respectively in October 2018. Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during October 2019 amounted to $ 229.88 million together as against $ 240.57 million received in October 2018.