Abroad Pakistanis remit $5478.11mn in first three months of present fiscal yr

ISLAMABAD: Abroad Pakistani employees remitted $5478.11 million through the first three months (July-September) of Monetary Yr 2019-20.

In the course of the month of September 2019, the influx of employees’ remittances amounted to $1747.95 million, which is 3.4% greater than August 2019 and 17.6% greater than September 2018, in keeping with the newest information of State Financial institution of Pakistan (PBS) launched Thursday.

In keeping with Related Press of Pakistan (APP), country-wise particulars for the month of September 2019 present that inflows from Saudi Arabia, United Arab Emirates, United State of America, United Kingdom , GCC nations (together with Bahrain, Kuwait, Qatar and Oman) and European Union nations 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 in comparison with the influx 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 acquired from Malaysia, Norway, Switzerland, Australia, Canada, Japan and different nations throughout September 2019 amounted to US$200.95 million collectively as in opposition to US$185.31 million acquired in September 2018, the information revealed.

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