Remittance grow by 8.2pc in five years

News Image

MG News | January 22, 2018 at 12:58 PM GMT+05:00

0:00

The remittances sent by the Overseas Pakistanis working abroad during the last five years witnessed an aggregate annual growth of 8.2 percent during the last five years (2013-2017), officials sources said.

The remittances during 2012-13 increased by 5.6 percent to $13.921 billion while in 2013-14, the remittances were recorded at $15.838 million, showing growth of 13.8 percent.

Similarly, the sources added that during 2014.15, the remittances witnessed growth of 18.2 percent to $18.720 billion, according to official data.

The data further revealed that during 2015-16, the remittance touched $19.915 figure by posting growth of 6.4 percent, however during the fiscal year 2016-17, the remittances witnessed negative growth of 2.8 percent by falling to $19.351 billion.

As evident from the data, the highest growth of 18.2 percent was witnessed in year 2014-15 followed by 13.8 percent in 2013-14; 6.4percent  in 2015-16 and 5.6 percent in 2012-13 while the lowest growth of -2.8 percent was witnessed during last fiscal year (2016-17), the data revealed.

Meanwhile, the overseas Pakistanis sent remittances amounting to $9.7 billion in the first half of 2017-18, showing growth of 2.5 per cent from the same period of the previous fiscal year, according to State Bank of Pakistan. Remittances from all important destinations, except Saudi Arabia, showed a positive growth.

During December 2017, the inflow of worker’s remittances amounted to US $1723.57 million, which is 9.31% higher than November 2017 and 8.72% higher than December 2016, according to SBP data.

Related News

Name Price/Vol %Chg/NChg
KSE100 138,597.36
256.32M
-0.05%
-68.14
ALLSHR 85,286.16
608.38M
-0.48%
-413.35
KSE30 42,340.81
77.13M
-0.03%
-12.33
KMI30 193,554.51
76.19M
-0.83%
-1627.52
KMIALLSHR 55,946.05
305.11M
-0.79%
-443.10
BKTi 38,197.97
16.53M
-0.59%
-225.01
OGTi 27,457.35
6.73M
-0.94%
-260.91
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,670.00 121,165.00
117,035.00
-1620.00
-1.36%
BRENT CRUDE 69.23 70.77
69.14
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.03 67.54
65.93
-0.20
-0.30%
SUGAR #11 WORLD 16.79 17.02
16.71
0.05
0.30%

Chart of the Day


Latest News
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg