Remittance Inflows Show a Minor Improvement in September 2019

Remittances sent by overseas Pakistanis have registered a growth of 3.4 percent to Rs. 1.74 billion in September as compared to August. The remittance inflows are 17.6% higher than in September 2018.

The country-wise details for the month of September 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 420.88 million, US$ 363.34 million, US$ 281.91 million, US$ 264.89 million, US$ 162.77 million and US$ 53.20 million respectively.

In comparison the inflow of remittances from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries stood at US$ 360.16 million, US$ 308.13 million, US$ 240.49 million, US$ 216.75 million, US$ 134.49 million and US$ 41.14 million respectively in September 2018.

Remittances, in the first quarter of the financial year 2018-19 saw a modest decline of 1.43 percent compared with a similar period last year.

Overseas Pakistani workers remitted US$ 5.478 billion in the first three months (July to September) of FY20, as compared with US$ 5.557 billion received during the same period in the preceding year.

The decline in the remittances could be attributed to the seasonal drop and the global economic slowdown.


  • Provide incentives to people who send money to Pakistan, fast transfer, better rates, better service, all is non existent, How can you improve when you don’t want to improve, Basically no one cares in Pakistan how to increase the foreign exchange. Foreign investment is not coming anytime soon, so you have to think of out of the box solutions. Exports are not increasing due to lack of interest and structure plus increase in Smuggling.

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