Overseas Pakistanis remit US $8 billion in the first five months of FY18

Karachi, December 11, 2017 (PPI-OT):Overseas Pakistani workers remitted US $8021.18 million in the first five months (July to November) of FY18, compared with US $7919.74 million received during the same period in the preceding year. During November 2017, the inflow of worker’s remittances amounted to US $1576.72 million, which is 4.7% lower than October 2017 and 2.6% lower than November 2016.

The country wise details for the month of November 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $409.52 million, US $352.64 million, US $204.28 million, US $213.47 million, US $191.83 million and US $49.06 million respectively compared with the inflow of US $465.19 million, US $362.82 million, US $194.04 million, US $192.8 million, US $193.12 million and US $37.03 million respectively in November 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2017 amounted to US $155.92 million together as against US $173.35 million received in November 2016.

For more information, contact:
Chief Spokesman
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: syed.wasimuddin@sbp.org.pk
Website: www.sbp.org.pk

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