Overseas Pakistanis remit US $14.6 billion in the first nine months of FY18

Overseas Pakistani workers remitted US $14606.41million in the first nine months (July to March) of FY18, showing a growth of 3.56 % compared with US $14105.03 million received during the same period in the preceding year.

During March2018, the inflow of worker’s remittances amounted to US $1772.77million, which is 22.24% higher thanFebruary2018 and 4.62%higher than March2017. The country wise details for the month of March2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $427.62 million, US $420.24 million, US $236.17 million, US $244.2 million, US $183.79 million and US $58.89million respectively compared with the inflow of US $504.61 million, US $362.94 million, US $213.42 million, US $209.14 million, US $197.21 million and US$38.85 million respectively in March 2017. Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during March2018 amounted to US $201.86million together as against US $168.32 million received in March2017.

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