Overseas Pakistani workers remitted US $18.028 billion in the first eleven months (July to May) of FY18, showing a growth of 2.95 % compared with US $17.511 billion received during the same period in the preceding year.
During May 2018, the inflow of worker’s remittances amounted to US $1.771 billion, which is 7.30% higher than April 2018 and 5.13% lower than May 2017.
The country-wise details for the month of May 2018 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $432.05 million, US $369.92 million, US $276.55 million, US $254.31 million, US $178.96 million and US $60.31 million respectively.
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In comparison, the inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries stood at US $514.5 million, US $426.68 million, US $248.88 million, US $239.2 million, US $209.95 million and US $51.2 million respectively in May 2017.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during May 2018 amounted to US $316.77 million together as against US $271.79 million received in May 2017.
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