Remittances for current fiscal year increase by 8.45 percent to $17.875 billion

Rawalpindi: Adviser to PM on Finance, Revenue and Economic Affairs Dr Hafeez Shaikh, presented the Economic Survey 2018-19. It reveals that the total remittances have increased by 8.45 percent in the first 10 months of the current financial year. This is a raise from $17.875 billion to $16.482 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

Majority of the remittances have been coming in from Saudi Arabia at $4.175 billion, UAE $3.787 billion, USA $2.786 billion, UK $2.756 billion, Malaysia $1.263 billion, EU $485.89 million, and other GCC countries sending a remittance of $1.718 billion.

However remittances during July-April fiscal year 2019 have declined by 9.28 percent from EU countries and 5.40 percent from other GCC countries. Remittances however have been seen to increase from Saudi Arabia by 2.08 percent, USA by 21.82 percent and UK by 16.59 percent.

For news and updates keep on visiting Graana blog

 

Maham Tahir

Recent Posts

Kashmir House: A Guesthouse for Kashmir Government Officials

Located in the heart of Islamabad, Kashmir House serves as a prestigious guesthouse for officials…

1 day ago

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

2 days ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

3 days ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

4 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

5 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

5 days ago