Overseas Pakistanis remit $8bn up by 1.2pc in July-Nov 2017-18

KARACHI: Overseas Pakistani workers remitted $ 8021.18 million, which is up by 1.2 per cent in the first five months (July to November) of 2017-18, compared with $ 7919.74 million received during the same period in the preceding year.

During November 2017, the inflow of worker’s remittances amounted to $ 1576.72 million, which is 4.7 per cent lower than October 2017 and 2.6 per cent 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.

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