Pakistan has received remittances worth US $8,021.18 million from overseas citizens during the first five months (July to November) of FY18, compared to US $7919.74 million received during the same period in the preceding fiscal year.
During November 2017, the inflow of worker’s remittances amounted to US $1,576.72 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) and EU countries amounted to US $409.52 million, US $352.64 million, US $204.28 million, US $213.47 million, US $191.83 million and US $49.06 million respectively.
In comparison Pakistan received inflows of US $465.19 million, US $362.82 million, US $194.04 million, US $192.8 million, US $193.12 million and US $37.03 million in November 2016 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries respectively.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2017 amounted to US $155.92 million against US $173.35 million received in November 2016.
Workers from Saudi Arabia sent back $2.1bn in July-November, down 7.1pc from the same period of 2016-17.