Overseas Pakistanis remit $1.54bn in first month of FY17-18

KARACHI

Overseas Pakistani workers remitted $1.542 billion in the first month (July) of 2017-18 as compared with $1328.18 million received during the same period in the preceding year.

During July 2017, the inflow of worker’s remittances amounted to $1.542 billion, which is 16.2 per cent less than June 2017 and 16 per cent more than July 2016.

The country wise details for the month of July 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $408.84 million, $334.63 million, $193.7 million, $199.18 million, $192.02 million and $52.08 million respectively compared with the inflow of $378.69 million, $293.72 million, $169.68 million, $143.61 million, $169.61 million and $35.74 million respectively in July 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during July 2017 amounted to $161.22 million together as against $137.13 million received in July 2016.

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