Overseas Pakistanis remit US $12.8 billion this year

KARACHI: Overseas Pakistani workers remitted US $12833.64 million in the first eight months (July to February) of FY18, showing a growth of 3.41 % compared with US $12410.54 million received during the same period in the preceding year.

During February 2018, the inflow of worker’s remittances amounted to US $1450.17 million, which is 11.5% lower than January 2018 and 2.33% higher than February 2017.

The country wise details for the month of February 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $348.31 million, US $332.18 million, US $207.27 million, US $201.01 million, US $149.4 million and US $48.65 million respectively compared with the inflow of US $404.39 million, US $320.3 million, US $177.76 million, US $170.56 million, US $168.2 million and US $31.71 million respectively in February 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during February 2018 amounted to US $163.35 million together as against US $144.14 million received in February 2017.

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