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

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

1 day ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

1 day ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

3 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

6 days ago

Citywide Anti-Encroachment Drive to Begin in Karachi

Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…

7 days ago

CDA Chairman Orders Revival of 23 Water Fountains with Artistic Lighting

ISLAMABAD: CDA Chairman Muhammad Ali Randhawa has directed the immediate restoration of 23 non-functional water…

1 week ago