Overseas Pakistanis remit $14.3 billion in first 8 months of FY19

KARACHI: Overseas Pakistani workers remitted $14350.53 million in the first eight months (July to February) of FY19, showing a growth of 11.82 per cent compared with $12833.64 million received during the same period in the preceding year.

During February 2019, the inflow of worker’s remittances amounted to $1576.51 million, which is 9.56% lower than January 2019 and 8.71% higher than February 2018.

The country wise details for the month of February 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $370.04 million, $335.66 million, $240.80 million, $251.99 million, $152.25 million and $37.71 million respectively compared with the inflow of $348.31 million, $332.18 million, $207.27 million, $201.01 million, $149.4 million and $48.65 million respectively in February 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during February 2019 amounted to $188.06 million together as against $163.35 million received in February 2018.