Overseas Pakistanis remit  $8 billion in first 5 months of FY18


Karachi (Web Desk): The Overseas Pakistani workers remitted US $ 8021.18 million in the first five months (July to November) of FY18, compared with US $ 7919.74 million received during the same period in the preceding year.

A State Bank of Pakistan (SBP) announcement here on Monday said that during November 2017, the inflow of workers remittances amounted to US $ 1576.72 million, which is 4.7% lower than October 2017 and 2.6% lower than November 2016.

The country wise details for the month of November 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman).

EU countries amounted to $409.52m, $352.64 million, $204.28 million, $213.47m, $191.83 million and $49.06 million respectively compared with the inflow of $465.19 million, $362.82 million, $194.04 million, $192.8 million, $193.12 million and $37.03 million respectively in November 2016.

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