KARACHI: Overseas Pakistani workers remitted $18.028 billion in the first eleven months (July to May) of the fiscal year 2017-18; showing a growth of 2.95 per cent compared with $17,511.12 million received during the same period in the preceding year.
During May 2018, the inflow of workers’ remittances amounted to $1771.24 million, which is 7.30 per cent higher than April 2018 and 5.13 per cent lower than May 2017, said a statement by the State Bank of Pakistan (SBP) on Monday.
The country-wise details for the month of May 2018 shows that inflows from Saudi Arabia, United Arab Emirates, United States of America, United Kingdom, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $432.05 million, $369.92 million, $276.55 million, $254.31 million, $178.96 million and $60.31 million respectively – compared with the inflows of $514.5 million, $426.68 million, $248.88 million, $239.2 million, $209.95 million and $ 51.2 million respectively in May 2017.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during May 2018 amounted to $316.77 million together as against $271.79 million received in May 2017.
