Karachi: Overseas Pakistani workers remitted USD 1.93 billion during the first month of Fiscal Year 2018-2019, as per a news report. For the same month last year, remittances amounted to USD 1.54 billion. Remittance received during the FY 2017-18 amounted to PKR 19.35 billion.
In a report published by the State Bank of Pakistan (SBP) it was revealed that during July 2018, these inflows were up by 21.03% more than during the same period last year. Inflows from countries such as Saudi Arabia, UAE, UK, Gulf and EU countries amount to USD 1.7 billion.
Remittances from Malaysia, Norway, Switzerland, Australia, Canada, Japan and various other countries stand at USD 236.8 million. These are higher compared with USD 1.6 billion and USD 161.22 million, respectively.
