Home remittances remain stable

Amanullah Khan


The stable remittances by overseas Pakistanis have become more important in respect of external flow especially in view of depressed exports earnings as the overseas Pakistani workers remitted US $4790.01 million in the first three months (July to September) of FY18, compared with US $4740.37 million received during the same period in the preceding year. During September 2017, the inflow of worker’s remittances amounted to US $1293.88 million, which is 33.79% lower than August 2017 and 19.75% lower than September 2016. The country wise details for the month of September 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $ 308.05million, US $ 302.77 million, US $ 171.9 million, US $ 194.76 million, US $ 141.02 million and US $ 45.07 million respectively compared with the inflow of US $437.87 million, US $361.9 million, US $211.14 million, US $210.22 million, US $182.18 million and US $43.60 million respectively in September 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during September 2017 amounted to US $130.31 million together as against US $165.45 million received in September 2016.

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