Worker's remittance shoots up by 30% in May'19

MG News | June 14, 2019 at 05:33 PM GMT+05:00

0:00

Jun 14, 2019 (MLN): Overseas Pakistanis remitted USD 2.32 billion in the month of May 2019 compared to USD 1.78 billion in April 2019 showing an increase of USD 536.84 million or 30% over the previous month, on account of Ramzan and the then approaching festival of Eid-ul-Fitr.

According to data released by the State Bank of Pakistan the remittances increased by USD 511.64 million compared to May 2018.

The total amount remitted during July-May FY19 was USD 20.1910 billion compared to USD 18.2859 billion from the corresponding period of FY18 which showed an increase of USD 1,905.04 million or 10.42 percent.

Saudi Arabia was the largest source of remittances having contributed USD 493.73 million followed by UAE with USD 476.57 million and U.K. providing USD 387.09 million.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,783.39 49.61M	0.34% 579.22
ALLSHR	103,531.78 155.98M	0.20% 205.31
KSE30	52,497.51 18.17M	0.33% 173.93
KMI30	245,219.94 13.77M	0.20% 486.22
KMIALLSHR	67,283.29 67.39M	0.18% 118.71
BKTi	47,546.24 10.85M	0.81% 380.79
OGTi	33,364.95 0.66M	0.11% 35.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,000.00	88,980.00 87,725.00	-390.00 -0.44%
BRENT CRUDE	61.95	62.08 61.92	-0.12 -0.19%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.87	57.99 57.79	-0.14 -0.24%
SUGAR #11 WORLD	15.00	15.09 14.83	0.18 1.21%