Overseas Pakistanis remit $3.5bn, up by 13.17pc in first 2 months of FY17-18

KARACHI

Overseas Pakistani workers remitted $ 3.496 billion, up by 13.17 per cent in the first two months (July to August) of 2017-18, compared with $ 3,089 billion received during the same period in the preceding year.

During August 2017, the inflow of worker’s remittances amounted to $ 1.954 billion, which is 26.78 per cent higher than July 2017 and 11 per cent higher than August 2016.

The country wise details for the month of August 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $ 511.28 million, $ 440.38 million, $ 260.34 million, $ 249.14 million, $ 230.22 million and $ 62.75 million respectively compared with the inflow of $ 507.26 million, $ 401.18 million, $ 223.7 million, $ 192.64 million, $ 222.57 million and $ 43.5 million respectively in August 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during August 2017 amounted to $ 200.35 million together as against $ 169.99 million received in August 2016.

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