Workers’ Remittances show growth of 3.31 percent in 1HFY20

Overseas Pakistani workers remitted US$11394.91million in the first half (July to December) of FY20, showing a growth of 3.31% compared with US$11030.01million received during the same period in the preceding year.

During December 2019, the inflow of workers’ remittances amounted to US$2097.23million, which is 15.25% higher than November 2019and 20% higherthan December 2018. The country wise details for the month of December 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$472.

94million, US$427.56million, US$357.45million, US$324.57million, US$205.73million and US$56.42million respectively compared with the inflow of US$414.59million, US$351.19million, US$276.29million, US$267.79million, US$174.42million and US$47.48million respectively in December 2018. Remittances received from Malaysia,Norway, Switzerland, Australia, Canada, Japan and other countries during December 2019 amounted to US$252.56 million together as against US$216.35 million received in December 2018.

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