Expat Pakistanis remit $10bn from UAE, Saudi in past year

Remittances from overseas Pakistanis hit a record high of $19.9 billion in the year to June 2016, helped by large amounts sent from Saudi Arabia and the UAE.

Statistics released earlier this month by the State Bank of Pakistan (SBP) showed that Saudi Arabia contributed 30 percent of total remittances amounting to just under $6 billion ($582.84 million), compared to $5.6 billion in the year to June 2015.

Remittances from the UAE rose to $4.35 billion, while remittances from the UK was $3 billion and remittances from the US amounted to $2.74 billion.

Overall, expat Pakistani workers remitted $19914.60 million in the year to June, a rise of 6.38 percent compared with $18719.80 million received the previous year.

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