Overseas Pakistanis remit US $18 bn in 11MFY18

Overseas Pakistani workers remitted US $18028.24million in the first eleven months (July to May) of FY18, showing a growth of 2.95 % compared with US $17511.12million received during the same period in the preceding year.

During May2018, the inflow of worker’s remittances amounted to US $1771.24 million, which is 7.30% higher thanApril2018 and 5.13%lower than May2017. The country wise details for the month of May2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $432.05 million, US $369.92 million, US $276.55 million, US $254.31 million, US $178.96 million and US $60.31 million respectively compared with the inflow of US $514.5 million, US $426.68 million, US $248.88 million, US $239.2 million, US $209.95 million and US$51.2 million respectively in May2017. Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during May2018 amounted to US $316.77million together as against US $271.79 million received inMay2017.

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