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Overseas Pakistani’s remit $12.774 billion in first seven months of FY19

During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018

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February 11, 2019
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    LAHORE: Overseas Pakistani workers remitted US$ 12774.02 million during the first seven months (July-January) of FY19 compared to $11383.47 million received during the same period in the preceding year.

    During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018.

    The country-wise details for the month of January 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 403.92 million, $352.12 million, $272.32 million, $295.13 million, $166.50 million and $42.89 million respectively compared with the inflow of $383.91 million, $351.58 million, $223.94 million, $235.10 million, $186.33 million and $56.4 million respectively in January 2018.

    Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during January 2019 amounted to $210.36 million together as against $201.46 million received in January 2018.

    • TAGS
    • current account deficit
    • Overseas remittances
    • State Bank of Pakistan (SBP)
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