March Remittances increase by 22.24 percent to reach $ 1.772 billion
By MG News | April 10, 2018 at 04:44 PM GMT+05:00
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% |
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