ISLAMABAD, Jul 18 (APP):The overseas Pakistani workers’ remittances grew by 6.1 percent in fiscal year (Jul-Jun) 2021-22 to US$31.2 billion against the inflows of $29.45 billion in same period of the preceding year.
On year-on-year basis, the remittances increased by 1.7% from $2.71 billion in June 2021 to $2.76 billion in same period of the fiscal year 2021-22. On month-on-month basis, the inflows of remittances increased by 18.4% when compared to the inflows of $2.3 billion recorded in May, 2022.
According to data released by State Bank of Pakistan (SBP) on Monday, remittances’ inflows during June 2022 were mainly sourced from Saudi Arabia ($666.4 million), United Arab Emirates ($494.7 million), United Kingdom ($454.9 million) and the United States of America ($284.7 million).
During the corresponding month, the overseas Pakistanis living in Bahrain sent $45.9 million, from Kuwait $85.3 million, from Qatar $93.6 million whereas $98.5 million were dispatched from Oman.
Similarly the inflows from Germany, France, The Netherlands, Spain, Italy, Greece, Sweden, Denmark, and Ireland were recorded at $42.5 million, $40.0 million, $5.3, $45.7 million, $75.6 million, $30.9 million, $7.0 million, $6.0 million and $11.9 million respectively.
Likewise, from Malaysia, Belgium, Norway, Switzerland, Australia, Canada, and Japan, the workers dispatched $12.0 million, $19.5 million, $11.1 million, $3.4 million, $57.6 million, 58.4 million, and 7.6 million respectively.