Overseas Pakistanis remit $16.25 bn in 10 months

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KARACHI: Overseas Pakistani workers remitted $16,257 million in the first ten months (July to April) of FY18, showing a growth of 3.92 per cent compared with $15643.97 million received during the same period in the preceding year.

During April 2018, the inflow of worker’s remittances amounted to $16,50.59 million, which is 6.89 per cent lower than March 2018 and 7.25 per cent higher than April 2017.

The country-wise details for the month of April 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $399.56 million, $358.28 million, $240.39 million, $232.58 million, $167.68 million and $54.74 million respectively compared with the inflow of $439.13 million, $344.01 million,$199.69 million, $191.62 million, $175.18 million and $41.89 million respectively in April 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during April 2018 amounted to $197.36 million together as against $147.42 million received in April 2017.