KARACHI: Overseas Pakistani workers remitted $11383.47 million in the first seven months (July to January) of FY18, showing a growth of 3.55% compared with US $10993.48 million received during the same period in the preceding year.
During January 2018, the inflow of workers’ remittances amounted to $1638.72m, which is 4.92% lower than December 2017 and 10.10% higher than January 2017, says a press statement by State Bank of Pakistan Monday.
The country-wise details for the month of January 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $383.91 million, $351.58 million, $223.94 million, $235.1 million, $186.33 million and $56.4 million respectively compared with the inflow of $434.15 million, $323.29 million, $175.39 million, $180.91 million, $186.41 million and $31.69 million respectively in January 2017. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during January 2018 amounted to $201.46 million together as against $156.53 million received in January 2017.
