Monday , August 19 2019
Home / Business and Finance / Remittances reach $2 billion in July 2019

Remittances reach $2 billion in July 2019

KARACHI: Overseas Pakistani workers remitted US$2.039 billion in the first month (July) of FY20 as compared with US$1.981 billion received during the same period in the preceding year.

During July 2019, the inflow of worker’s remittances amounted to $2.039 billion, which is 23.91 percent more than June 2019 and 2.9 percent more than July 2018.

The country wise details for the month of July 2019 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $470.95 million, $427.33 million, $332.37 million, $299.27 million, $198.06 million and $58.30 million respectively compared with the inflow of $437.48 million, $446.25 million, $291.87 million, $298.51 million, $199.30 million and $64.96 million respectively in July 2018.

Remittances received from Malaysia, Norway, Switzerland, Australia, Canada, Japan and other countries during July 2019 amounted to $253.01 million together as against $243.35 million received in July 2018.

Check Also

National Telecommunication Corporation

National Telecommunication Corporation directed to start recovery campaign

ISLAMABAD: National Telecommunication Corporation (NTC) has been directed by the IT ministry to start campaign …

Leave a Reply

Your email address will not be published.