KARACHI, Pakistan: The overseas Pakistani workers remitted $6,444.46 million in the first four months – July to October – of the fiscal year 2018 (FY18), compared with $6,301.39 million received during the same period in the preceding year.
In a statement, the State Bank of Pakistan (SBP) said on Thursday said that during October 2017, the inflow of workers’ remittances amounted to $1,654.45 million, which is 27.87 percent higher than September 2017 and 5.99 percent higher than October 2016.
It said that the Country-wise details for the month of October 2017 show that inflows from Saudi Arabia, United Arab Emirates (UAE), United States, United Kingdom, Gulf Cooperation Council (GCC) Countries (including Bahrain, Kuwait, Qatar and Oman) and European Union Countries amounted to $461.07 million, $333.57 million, $215.64 million, $270.46 million, $184.76 million and $51.12 million respectively compared with the inflow of $470.19 million, $358.38 million, $183.26 million, $173.4 million, $183.13 million and $35.36 million respectively in October 2016.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during October 2017 amounted to $137.83 million together as against $157.30 million received in October 2016.
