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Overseas Pakistanis remit $4.8b in first 3 months of FY18

byCT Report
10/10/2017
in Business
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KARACHI: The Overseas Pakistani workers remitted $4,790.01 million in the first three months (July to September) of the fiscal year 2018 (FY18), compared with $4,740.37 million received during the same period in the preceding year.

A State Bank of Pakistan (SBP) statement here on Tuesday said that during September 2017, the inflow of workers’ remittances amounted to $ 1,293.88 million, which is 33.79% lower than August 2017 and 19.75% lower than September 2016.

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The country wise details for the month of September 2017show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $ 308.05 million, $ 302.77 million, $ 171.9 million, $ 194.76 million, $ 141.02 million and $ 45.07 million respectively compared with the inflow of $437.87 million, $361.9 million, $211.14 million, $210.22 million, $182.18 million and $43.60 million respectively in September 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during September 2017 amounted to $1,30.31 million together as against dollars 165.45 million received in September 2016.

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