Overseas Pakistanis remit $9.7bn in July-Dec 2017-18

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KARACHI: Overseas Pakistani workers remitted $ 9.745 billion in the first six months (July to December) of 2017-8, compared with $ 9.505 billion received during the same period in the preceding year. It increased by 2.4 per cent or $ 240 million in first six months.

During December 2017, the inflow of worker’s remittances amounted to $ 1.724 billion, which is 9.31 per cent higher than November 2017 and 8.72 per cent higher than December 2016.

The country-wise details for the month of December 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $ 431.97 million, $ 396.74 million, $ 234.76 million, $ 223.3 million, $ 188.76 million and $ 54.87 million respectively compared with the inflow of $ 475.75 million, $ 339.95 million, $ 182.19 million, $ 181.85 million, $ 203.63 million and $ 35.09 million respectively in December 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during December 2017 amounted to $ 193.17 million together as against $ 166.91 million received in December 2016.