Foreign remittances grow by 9.68pc to $21.84bn in 2018/2019

KARACHI: Overseas Pakistanis workers have sent $21.84 billion during 2018/2019, around 9.68 percent higher when compared with $19.91 billion during the preceding year, State Bank of Pakistan (SBP) said on Wednesday.

During June 2019, the inflow of worker’s remittances amounted to $1,650.52 million, which is 28.72 percent lower than May 2019 and 1.40 percent higher than June 2018.

The country wise details for the month of June 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $334 million, $356.03 million, $276.76 million, $268.97 million, $163.46 million and $52.49 million respectively compared with the inflow of $336.61 million, $345.31 million, $260.32 million, $260.25 million, $163.53 million and $62.16 million respectively in June 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during June 2019 amounted to $198.81 million together as against $199.47 million received in June 2018.

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