Remittances rise 12% to $12.8b in seven months - News Summed Up

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Remittances rise 12% to $12.8b in seven months


Going forward, they are expected to help the country attract higher remittances,” Abbas said. “We have estimated remittances of $22.2 billion in fiscal year 2018-19 (against the government target of $21.2 billion),” he said. Country-wise inflows Country-wise details for January 2019 showed that inflows from Saudi Arabia increased to $403.92 million compared to $383.91 million in January 2018. Remittances from the UAE inched up to $352.12 million compared to $351.58 million last year. Workers residing in the US sent $272.32 million compared to $223.94 million in the previous year, from the UK sent $295.13 million compared to $235.1 million, GCC countries (including Bahrain, Kuwait, Qatar and Oman) $166.5 million compared to $186.33 million and EU countries $42.89 million compared to $56.4 million.


Source: The Express Tribune February 12, 2019 03:33 UTC



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