Overseas Pakistanis remitted $21.84bn in FY19

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ISLAMABAD: Pakistan has witnessed a 19.68pc increase in remittances during the fiscal year 2019, as compared to the corresponding period of last year.

The overseas Pakistani’s workers remitted $21,841.50 million during the fiscal year 2019, as compared to $19,913.55 million received during the same period in the preceding year.

In June 2019, the inflow of worker’s remittances amounted to $1,650.52 million, which was 28.72pc lower than May 2019 and 1.40pc higher than June 2018, according to a statement issued by the State Bank of Pakistan.

The country-wise details for the month of June 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $334 million, $356.03 million, $276.76 million, $268.97 million, $163.46 million and $52.49 million respectively, as compared to the inflow of $336.61 million, $345.31 million, $260.32 million, $260.25 million, $163.53 million and $62.16 million respectively in June 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during June 2019 amounted to $198.81 million together as against $199.47 million received in June 2018.

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