Overseas workers’ remit US$16.99106bn in 9 months

• Workers’ remittances during March 2020 amounted to $1,894.4 million recording an increase $69.4 million or 3.8 percent over remittance received during previous month (Feb. 2020 $1,825.0 million).
• During March 2020, larger amounts of Workers' remittances are received from Saudi Arabia ($452.3 million), United Arab Emirates ($420.4 million), United States of America ($352.4 million) and United Kingdom ($248.5 million).

KARACHI: Overseas Workers' remittances received during July to  March of fiscal year 2019-20 amounted to $16.99106 billion-recording an increase $960.7 million or 6 percent over remittances received during the same period of financial year 2018-19($16,030.9 million).

Workers’ remittances during March 2020 amounted to $1,894.4 million recording an increase $69.4 million or 3.8 percent over remittance received during previous month (Feb. 2020 $1,825.0 million). The remittances during March 2020 ($1,894.4 million) increased by $ 160.9 million or 9.3 percent over remittance received during corresponding month of fiscal year 2018-19 ($1,733.5 million), said SBP release on Friday.

During March 2020, larger amounts of Workers' remittances are received from Saudi Arabia ($452.3 million), United Arab Emirates ($420.4 million), United States of America ($352.4 million) and United Kingdom ($248.5 million) recording an increase of 7.2 percent, 8.6 percent, 5.5 percent for Saudi Arabia, UAE and USA respectively whereas a decrease of 2.0 from UK as compared to February 2020.