ISLAMABAD (Our correspondent): Overseas Pakistanis who are working abroad remitted $21.84 billion during out going fiscal year.
According to the report of the State Bank, this is more than 9 percent growth from last fiscal year. The overseas Pakistanis remitted the amount 19.68 percent more as compare to last fiscal year. They had remitted $19,913.55 million during the same period in the preceding year.
During June 2019, the inflow of worker’s remittances amounted to $1,650.52 million. This amount is 28.72% lower than May 2019 and 1.40% higher than June 2018, according to the statement of SBP.
The country wise details for the month of June 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $334 million, US $356.03 million, US $276.76 million, US $268.97 million, US $163.46 million and US $52.49 million respectively compared with the inflow of US $336.61 million, US $345.31 million, US $260.32 million, US $260.25 million, US $163.53 million and US $62.16 million respectively in June 2018.
Pakistan received the remittances from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during June 2019 amounted to $198.81 million together as against US $199.47 million received in June 2018.
The Govt has set the target $22 billion for remittances from overseas Pakistan to narrow down the current fiscal year.