According to data released by the State Bank of Pakistan, inflow of remittances during the month of March jumped by 22.24 percent reaching $ 1.772 billion up from $1.450 billion in February, 2018.
|
Month on Month % Change – Remittances |
|||
|---|---|---|---|
|
Country |
March, 2018 |
February, 2018 |
% Change |
|
USA |
236.17 |
207.27 |
13.94% |
|
UK |
244.20 |
201.01 |
21.49% |
|
Saudi Arabia |
427.62 |
348.31 |
22.77% |
|
UAE |
420.24 |
332.18 |
26.51% |
|
Other GCC Countries |
183.79 |
149.40 |
23.02% |
|
EU |
58.89 |
48.65 |
21.05% |
|
Malaysia |
116.09 |
94.24 |
23.19% |
|
Total |
1,772.77 |
1,450.17 |
22.25% |
Year on year, the remittances jumped up by more than 4.6 percent up from $1.694 billion against March last year.
|
Year on Year % Change – Remittances |
|||
|---|---|---|---|
|
Country |
March, 2018 |
March, 2017 |
% Change |
|
USA |
236.17 |
213.42 |
10.66% |
|
UK |
244.20 |
209.14 |
16.76% |
|
Saudi Arabia |
427.62 |
504.61 |
-15.26% |
|
UAE |
420.24 |
362.94 |
15.79% |
|
Other GCC Countries |
183.79 |
197.21 |
-6.80% |
|
EU |
58.89 |
38.85 |
51.58% |
|
Malaysia |
116.09 |
90.26 |
28.62% |
|
Total |
1,772.77 |
1,694.49 |
4.62% |
During the cumulative period of first three quarters of fiscal year 2018 total remittances reached a sum of $ 14.105 billion up by 3.55 percent against $ 14.387 billion during the first nine months of fiscal year 2017.
|
(July – March) Year on Year % Change – Remittances |
|||
|---|---|---|---|
|
|
July – March Amount |
YOY Growth |
|
|
Country |
FY ‘18 |
FY ‘17 |
FY ‘18 |
|
USA |
1,948.00 |
1,738.84 |
12.03% |
|
UK |
2,030.62 |
1,658.34 |
22.45% |
|
Saudi Arabia |
3,690.57 |
4,078.11 |
-9.50% |
|
UAE |
3,264.73 |
3,143.21 |
3.87% |
|
Other GCC Countries |
1,648.13 |
1,707.46 |
-3.47% |
|
EU |
478.89 |
332.63 |
43.97% |
|
Malaysia |
820.30 |
799.03 |
2.66% |
|
Total |
14,606.41 |
14,105.03 |
3.55% |
