Wednesday, November 13, 2019

Pakistan: Worker remittances up by 6% YoY during April

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Overseas Pakistani workers remitted US $17,875.23 million in the first ten months (July to April) of FY19, showing a growth of 8.45% compared with US $16,481.82 million received during the same period in the preceding year.

Overseas Pakistanis remit US $17.9 billion in the first ten months of FY19

During April 2019, the inflow of worker’s remittances amounted to US $1,778.90 million, which is 2% higher than March 2019 and 6% higher than April 2018.

The country wise details for the month of April 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $427.82 million, US $372.43 million, US $269.56 million, US $280.02 million, US $175.44 million and US $48.19 million respectively compared with the inflow of US $399.56 million, US $362.40 million, US $250.91 million, US $245.85 million, US $167.68 million and US $54.75 million respectively in April 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during April 2019 amounted to US $205.43 million together as against US $197.72 million received in April 2018.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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