ISLAMABAD: Overseas Pakistani workers remitted US $17,875.23 million in first 10 months (July to April) of FY19, showing a growth of 8.45% compared with US $16,481.82 million received during the same period in the preceding year.
During April 2019, the inflow of worker’s remittances amounted to US $1,778.90 million,which is 2% higher than March 2019 and 6% higher than April 2018, according to a data released by State Bank of Pakistan on Friday.
The country wise details for the month of April 2019 show that inflows from Saudi Arabia, UAE, USA,UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $427.82 million, $372.43 million, $269.56 million, $280.02 million, $175.44million and $48.19 million respectively compared with the inflow of $399.56 million, $362.40 million, $250.91 million, $245.85 million, $167.68 million and $54.75million respectively in April 2018.
Remittances received from Malaysia, Norway,Switzerland, Australia, Canada, Japan and other countries during April 2019 amounted to $205.43 million together as against $197.72 million received in April 2018.
Programme envisages mobilising up to $3.5 billion from ADB, GCF, governments and development partners
During her year-long term in office, Ayla will lead over 252,500 members of ACCA across 180 countries
Minister says virtual negotiations with IMF underway as certain points required in-person discussions
Fund, Pakistani authorities agree on need to continue responsible fiscal and monetary policies
Ogra decides to maintain fuel prices in line with international market, says Finance Division
Analysts say falling bank lending rates, rupee stability contribute to ongoing rally
