Overseas Pakistanis remit $5.4 billion in first three months

[Siasi Jasoos]

ISLAMABAD: Overseas Pakistani workers remitted $5478.11 million during the first three months (July-September) of Financial Year 2019-20 compared to US$5557.61 million received during the same period of last year.

During the month of September 2019, the inflow of workers' remittances amounted to $1747.95 million, which is 3.4% higher than August 2019 and 17.6% higher than September 2018, according to the latest data of State Bank of Pakistan (PBS) released Thursday.

Country-wise details for the month of September 2019 show that inflows from Saudi Arabia, United Arab Emirates, United State of America, United Kingdom , GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $420.88 million, US$363.34 million, US$281.91 million, US$264.89 million, US$162.77 million and US$53.20 million respectively compared to the inflow of US$360.16 million, US$308.13 million, US$240.49 million, US$216.75 million, US$134.49 million and US$41.14 million respectively in September 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during September 2019 amounted to US$200.95 million together as against US$185.31 million received in September 2018, the data revealed.

https://www.geo.tv/latest/250780-overseas-pakistanis-remit-54-bln-in-first-three-months

 

[Saboo]

and a big chunk of it is mine!....Ab is mein kia ? and a thank you to you too.

 

[bigfoot]

ISLAMABAD: Overseas Pakistani workers remitted $5478.11 million during the first three months (July-September) of Financial Year 2019-20 compared to US$5557.61 million received during the same period of last year.

During the month of September 2019, the inflow of workers' remittances amounted to $1747.95 million, which is 3.4% higher than August 2019 and 17.6% higher than September 2018, according to the latest data of State Bank of Pakistan (PBS) released Thursday.

Country-wise details for the month of September 2019 show that inflows from Saudi Arabia, United Arab Emirates, United State of America, United Kingdom , GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $420.88 million, US$363.34 million, US$281.91 million, US$264.89 million, US$162.77 million and US$53.20 million respectively compared to the inflow of US$360.16 million, US$308.13 million, US$240.49 million, US$216.75 million, US$134.49 million and US$41.14 million respectively in September 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during September 2019 amounted to US$200.95 million together as against US$185.31 million received in September 2018, the data revealed.

https://www.geo.tv/latest/250780-overseas-pakistanis-remit-54-bln-in-first-three-months

Overseas Pakistani send money in dollars. The family receives money in rupees at lower rate. Why the family does not receive the remitted money in actual currency. Where is the problem?

 

[Jack Squire]

Overseas Pakistani send money in dollars. The family receives money in rupees at lower rate. Why the family does not receive the remitted money in actual currency. Where is the problem?

The problem is the world banking system -- which is why they came out with Bitcoin to disrupt the banking system jo dono hathon se loot ta hai..... when you send money via a bank they charge you a fee, when you receive money via a bank they deduct a certain amount ---- its a sham... take a listen to this video -- this guy creates very well researched content:

 

[bigfoot]

Thnk you for your post. My brother I am talking of western union and money gram. they allow us to receive and send money in dollars excluding bank to bank transfer.