Overseas Pakistani workers remitted US $14.606 billion in the first nine months (July to March) of FY18, showing a growth of 3.56 % compared to US $14.105 billion received during the same period in the preceding year.
During March 2018, the inflow of worker’s remittances amounted to US $1772.77 million, which is 22.24% higher than February 2018 and 4.62% higher than March 2017.
The country-wise details for the month of March 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $427.62 million, US $420.24 million, US $236.17 million, US $244.2 million, US $183.79 million and US $58.89 million respectively.
In comparison Pakistan received inflows of US $504.61 million, US $362.94 million, US $213.42 million, US $209.14 million, US $197.21 million and US $38.85 million in March 2017 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries respectively.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during February 2018 amounted to US $201.86 million against US $168.32 million received in March 2017.