7MFY18: workers’ remittances cross $ 11Bn mark

Workers’ remittance sent by overseas Pakistani crossed $ 11.38Bn mark in 7MFY18 compared with $ 10.99Bn received during 7MFY17, depicting a growth of 3.55%. The slow growth in home remittance is attributed to decline in inflows from Saudi Arabia, which is the largest contributor. During Jan.’18, inflows of $ 1.64Bn are some 10% higher than Jan.’17 year-on-year basis and are 5% lower than Dec.’17 month-on-month basis.

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