Overseas Pakistanis remit $12.8bn in 8 months

KARACHI: Overseas Pakistani workers remitted dollars 12.839 billion in the first eight months (July to February) of fiscal year 2017-18; showing growth of 3.41 percent compared to $12.415 billion received during the same period of last year.

During February 2018, the inflow of workers' remittances amounted to $1450.17 million, which is 11.5 perecent lower than that of January 2018 and 2.33 percent higher than February 2017.

The country-wise details for the month of February 2018 show that inflows from Saudi Arabia, United Arab Emirates, United States of America, United Kingdom, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $ 348.31 million, $332.18 million, $207.27 million, $201.01 million, $149.4 million and $48.65 million respectively compared to the inflow of $404.39 million, $320.3 million, $177.76 million, $170.56 million, $168.2 million and US$31.71 million respectively in February 2017.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during February 2018 amounted to $163.35 million together as against $144.14 million received in February 2017.