Overseas Pakistanis remit $17.9 billion in first 10 months of FY19

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ISLAMABAD: Overseas Pakistanis remitted US $17,875.23 million in first 10 months (July to April) of FY19, showing a growth of 8.45 per cent compared with US $16,481.82 million received during the same period in the preceding year.

During April 2019, the inflow of worker’s remittances amounted to US $1,778.90 million, which is 2 per cent higher than March 2019 and 6 per cent higher than April 2018, according to a data released by State Bank of Pakistan on Friday.

The country-wise details for the month of April 2019 show that inflows from Saudi Arabia, UAE, USA,UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $427.82 million, $372.43 million, $269.56 million, $280.02 million, $175.44million and $48.19 million respectively compared with the inflow of $399.56 million, $362.40 million, $250.91 million, $245.85 million, $167.68 million and $54.75million respectively in April 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during April 2019 amounted to $205.43 million together as against $197.72 million received in April 2018.