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Overseas Pakistanis send $4.8bn in first 3 months of Fiscal Year 2018

F.P. Report

KARACHI: State Bank of Pakistan has shared that the overseas Pakistani workers send US $4,790.01 million in the first three months of the fiscal year 2018 (FY18) which is more comparing with same period of the last year US $4,740.37 million.

The SBP issued a statement in this regard and adding that during September 2017, the inflow of workers’ remittances amounted to US $1,293.88 million, which is 33.79% lower than August 2017 and 19.75% lower than September 2016.

The country-wise details for the month of September 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $308.05 million, US$ 302.77 million, US$ 171.9million, US $194.76 million, US $141.02 million and US $45.07 million respectively compared with the inflow of US $437.87million, US $361.9 million, US $211.14 million, US $210.22 million, US $182.18 million and US $43.60 million respectively in September 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during September 2017 amounted to US $1,30.31 million together as against US $165.45 million received in September 2016.

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