Overseas Pakistanis remit $5478.11mn in first three months of current fiscal year

ISLAMABAD: Overseas Pakistani workers remitted $5478.11 million during the first three months (July-September) of Financial Year 2019-20.

During the month of September 2019, the inflow of workers’ remittances amounted to $1747.95 million, which is 3.4% higher than August 2019 and 17.6% higher than September 2018, according to the latest data of State Bank of Pakistan (PBS) released Thursday.

According to Associated Press of Pakistan (APP), country-wise details for the month of September 2019 show that inflows from Saudi Arabia, United Arab Emirates, United State of America, United Kingdom , GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $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 compared to the inflow of 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 received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during September 2019 amounted to US$200.95 million together as against US$185.31 million received in September 2018, the data revealed.