KARACHI: Overseas Pakistan workers have remitted $8.02 billion in the first five months (July to November) of fiscal year 2017/2018, compared with $7.92 billion during the same period in the preceding year, State Bank of Pakistan (SBP) said.
During November 2017, the inflow of worker’s remittances amounted to $1576.72 million, which is 4.7 percent lower than October 2017 and 2.6 percent lower than November 2016.
The country wise details for the month of November 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $409.52 million, $352.64 million, $204.28 million, $213.47 million, $191.83 million and $49.06 million respectively compared with the inflow of $465.19 million, $362.82 million, $194.04 million, $192.8 million, $193.12 million and $37.03 million respectively in November 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2017 amounted to $155.92 million together as against $173.35 million received in November 2016.
