Overseas Pakistani’s remit $12.774 billion in first seven months of FY19

[Imran the legend]

During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018

LAHORE: Overseas Pakistani workers remitted US$ 12774.02 million during the first seven months (July-January) of FY19 compared to $11383.47 million received during the same period in the preceding year.

During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018.

The country-wise details for the month of January 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 403.92 million, $352.12 million, $272.32 million, $295.13 million, $166.50 million and $42.89 million respectively compared with the inflow of $383.91 million, $351.58 million, $223.94 million, $235.10 million, $186.33 million and $56.4 million respectively in January 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during January 2019 amounted to $210.36 million together as against $201.46 million received in January 2018.
Source

 

[Galaxy]

That's how pakistan is surviving otherwise she would have gone belly up long time ago.

 

[Citizen X]

Hopefully we will also start getting treated better soon also. :)

 

[abdulmajid]

Finance should work on his side to strengthen the economy instead paying attention on foreign remittances.

 

[Rambler]

Finance should work on his side to strengthen the economy instead paying attention on foreign remittances.

That is very good advice. They should not pay any attention to foreign remittances and work to strengthen the economy. I hope someone from finance ministry is reading your comment.

 

[islamabadi]

Is mein is government ka kia kamaal hai? It means that more people lost hope in this government and went abroad that is why the remittances increased. Agar remitance decrease hotey then we would conclude tht fewwer people are going abroad and in fact returning to Pakistan because this government has created the riasat e madina....

 

[Aslan]

We need to increase exports.Remittance help but focus should be on industry,agriculture,fisheries etc to reduce trade deficit.

 

[miafridi]

Glad to see this.