State Bank of Pakistan has reported today that despite impact of Coronavirus, the flow of remittance in country saw a growth during the nine months period of ongoing FY2019-20. May be the impact would be reflected in remaining months of year, experts anticipates.

• The Workers’ Remittances received during July – March FY20 amounted to US $ 16,991.6 million recording an increase US $ 960.7 million or 6.0 percent over remittances received during July – March FY19 (US $ 16,030.9 million).
• Workers’ remittances during March 2020 amounted to US $ 1,894.4 million recording an increase of US $ 69.4 million or 3.8 percent over remittance received during previous month (February 2020 US $ 1,825.0 million).
• The remittances during March 2020 (US $ 1,894.4 million) increased by US $ 160.9 million or 9.3 percent over remittance received during corresponding month of FY-19 (US $ 1,733.5 million).
• During March 2020, larger amounts of Workers’ Remittances are received from Saudi Arabia (US $ 452.3 million), UAE (US $ 420.4 million), USA (US $ 352.4 million) and UK (US $ 248.5 million) recording an increase of 7.2 percent, 8.6 percent, 5.5 percent for Saudi Arabia, UAE and USA respectively whereas a decrease of 2.0 from UK as compared to February 2020.