Overseas Pakistani workers have remitted $14.350 billion in the first eight months (July to February) of FY19, showing a growth of 11.82 % compared with US $12.833 billion received during the same period in the preceding year.
During February 2019, the inflow of worker’s remittances amounted to US $1.576 billion, which is 9.56% lower than January 2019 and 8.71% higher than February 2018.
The country-wise details for the month of February 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $370.04 million, US $335.66 million, US $240.80 million, US $251.99 million, US $152.25 million and US $37.71 million respectively.
In comparison an inflow of US $348.31 million, US $332.18 million, US $207.27 million, US $201.01 million, US $149.4 million and US$48.65 million was seen from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries in February 2018.
Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during February 2019 amounted to US $188.06 million as against US $163.35 million received in February 2018.