February Remittance up by 8%

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  • Non-Resident Pakistani’s remit $ 1.576 billion in february

Remittances from overseas Pakistani workers increased 9.8% to $14.35 billion in the first Eight months (July-February) of the current fiscal year compared to $12.83 billion in the same period of previous year, reported the State Bank of Pakistan (SBP) on Monday.

In the month of February, 2019 alone overseas Pakistani’s remitted $1.576 billion, 8.7% higher as compared to February, 2018.

Country wise remittances from Saudi Arabia, UAE, USA, UK, GCC countries (including Kuwait, Bahrain, Oman and Qatar) amounted to $370.04 million, $335.66 million, $240.80 million, $251.99 million, $152.25 million and $37.71 million respectively.

Government expects $21.2 billion in remittances in Fiscal Year ending June 2019.

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