Times of Islamabad

Overseas Pakistani Remittances hit highest level of history, top 10 remitting countries

Overseas Pakistani Remittances hit highest level of history, top 10 remitting countries

KARACHI: Overseas Pakistani workers remitted US $20190.98 million in thefirst Eleven months (July to May) of FY19, showing a growth of 10.42%compared with US $18285.90 million received during the same period in thepreceding year.

During May 2019, the inflow of worker’s remittances amounted to US $2315.74million, which is 30.17% higher than April 2019 and 28.36% higher than May2018.

The country wise details for the month of May 2019 show that inflows fromSaudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatarand Oman) and EU countries amounted to US $493.73 million, US $476.57million, US $346.81 million, US $387.09 million, US $237.76 million and US$70.61 million respectively compared with the inflow of US $432.05 million,US $373.85 million, US $290.26 million, US $269.11 million, US $178.96million and US $60.34 million respectively in May 2018. Remittancesreceived from Malaysia, Norway, Switzerland, Australia, Canada, Japan andother countries during May 2019 amounted to US $303.17 million together asagainst US $199.51 million received in May 2018.