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  • State Bank of Pakistan: (Provisional)

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    Ubaid Ur Rehman
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    1) Workers' remittances from major countries to Pakistan in June 2021 totaled $2.688 billion, a 27% increase from the previous fiscal year. 2) The top remittance-sending countries were Saudi Arabia ($670.7M), UAE ($543.8M), UK ($375.8M), and EU countries ($274.3M). 3) Remittances increased from the US, UK, Saudi Arabia, UAE, other GCC countries, and most EU countries in June 2021 compared to the previous fiscal year.

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    1) Workers' remittances from major countries to Pakistan in June 2021 totaled $2.688 billion, a 27% increase from the previous fiscal year. 2) The top remittance-sending countries were Saudi Arabia ($670.7M), UAE ($543.8M), UK ($375.8M), and EU countries ($274.3M). 3) Remittances increased from the US, UK, Saudi Arabia, UAE, other GCC countries, and most EU countries in June 2021 compared to the previous fiscal year.

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    14 views1 page

    State Bank of Pakistan: (Provisional)

    Uploaded by

    Ubaid Ur Rehman
    1) Workers' remittances from major countries to Pakistan in June 2021 totaled $2.688 billion, a 27% increase from the previous fiscal year. 2) The top remittance-sending countries were Saudi Arabia ($670.7M), UAE ($543.8M), UK ($375.8M), and EU countries ($274.3M). 3) Remittances increased from the US, UK, Saudi Arabia, UAE, other GCC countries, and most EU countries in June 2021 compared to the previous fiscal year.

    Copyright:

    © All Rights Reserved
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    of 1

    STATE BANK OF PAKISTAN

    Statistics & DWH Department


    COUNTRY-WISE WORKERS' REMITTANCES
    (Provisional)
    (Million US Dollar)
    July-June
    June May June
    Country Amount YoY growth (percent)
    2021 2021 2020 FY21@ FY20* FY19 FY21 FY20
    I. Cash* 2,688.0 2,490.6 2,473.3 29,370.9 23,132.3 21,739.4 27.0 6.4
    1. USA 279.1 260.9 176.1 2,754.2 1,742.8 3,309.1 58.0 (47.3)
    2. U.K. 375.8 365.0 350.0 4,067.1 2,569.0 3,412.3 58.3 (24.7)
    3. Saudi Arabia 670.7 614.1 748.0 7,667.0 6,613.5 5,003.0 15.9 32.2
    4. UAE 543.8 512.4 516.3 6,114.0 5,611.8 4,617.3 8.9 21.5
    Dubai 430.6 411.6 441.5 5,065.3 4,768.2 3,075.5 6.2 55.0
    Abu Dhabi 100.4 91.9 69.6 944.7 810.4 1,488.0 16.6 (45.5)
    Sharjah 11.1 7.7 4.0 79.4 25.1 37.2 216.2 (32.5)
    Other 1.8 1.3 1.2 24.6 8.1 16.7 206.1 (51.7)
    5. Other GCC Countries 298.2 261.5 261.3 3,309.9 2,910.2 2,119.1 13.7 37.3
    Bahrain 39.1 35.8 37.9 464.7 417.1 340.2 11.4 22.6
    Kuwait 79.9 65.0 56.2 858.6 738.6 725.8 16.3 1.8
    Qatar 81.2 72.4 75.8 903.0 760.2 385.9 18.8 97.0
    Oman 98.0 88.3 91.4 1,083.5 994.3 667.2 9.0 49.0
    6. EU Countries 274.3 243.6 210.3 2,709.3 1,778.5 609.0 52.3 192.0
    Germany 40.8 36.5 47.5 426.8 392.2 123.5 8.8 217.5
    France 40.5 37.8 27.8 419.8 240.4 61.4 74.6 291.5
    Netherland 4.6 4.7 3.7 47.8 65.7 6.8 (27.3) 862.4
    Spain 40.3 36.3 37.1 401.8 329.7 150.9 21.9 118.4
    Italy 66.9 53.4 39.3 600.8 361.3 111.2 66.3 225.0
    Greece 30.8 27.6 20.4 273.7 145.1 49.6 88.6 192.4
    Sweden 5.9 5.3 5.1 61.9 44.9 17.0 37.9 164.7
    Denmark 6.1 6.4 5.4 71.8 45.3 15.8 58.5 186.6
    Ireland 12.6 12.1 10.9 153.2 75.4 51.2 103.1 47.5
    Belgium 25.8 23.5 13.3 251.8 78.6 21.7 220.4 263.0
    7. Malaysia 12.8 16.7 17.1 203.7 226.5 1,551.7 (10.1) (85.4)
    8. Norway 11.3 9.1 8.1 111.0 69.7 43.5 59.3 60.3
    9. Switzerland 3.4 3.4 5.0 40.9 31.1 31.1 31.5 0.2
    10. Australia 51.1 46.6 49.7 593.5 339.8 246.0 74.7 38.1
    11. Canada 60.8 63.2 40.6 586.0 313.4 213.0 87.0 47.1
    12. Japan 6.7 5.5 7.8 84.9 66.4 23.0 27.8 189.3
    13. Other Countries 99.9 88.6 83.0 1,129.5 859.6 561.3 31.4 53.1

    Encashment and Profit in Pak.Rs.


    of Foreign Exchange Bearer
    II. Certificates (FEBCs) & Foreign 0.0 0.0 0.0 - - 0.0 - -
    Currency Bearer Certificates
    (FCBCs)
    TOTAL 2,688.0 2,490.6 2,473.3 29,370.9 23,132.3 21,739.4 27.0 6.4

    MONTH-WISE WORKERS' REMITTANCES (Million US Dollar)


    YoY growth (percent)
    Monthly Cash Inflow (including FEBCs & FCBCs) FY21 FY20 FY19
    FY21 FY20
    July 2,764.0 2,028.3 1,974.4 36.3 2.7
    August 2,095.2 1,684.0 2,083.1 24.4 (19.2)
    September 2,284.0 1,740.3 1,480.3 31.2 17.6
    October 2,284.2 2,001.2 2,052.6 14.1 (2.5)
    November 2,338.8 1,821.5 1,657.0 28.4 9.9
    December 2,437.1 2,097.1 1,740.5 16.2 20.5
    January @ 2,256.9 1,907.0 1,735.9 18.3 9.9
    February @ 2,250.5 1,824.8 1,573.7 23.3 16.0
    March @ 2,703.3 1,904.7 1,733.5 41.9 9.9
    April 2,778.2 1,785.1 1,770.2 55.6 0.8
    May 2,490.6 1,865.2 2,302.0 33.5 (19.0)
    June 2,688.0 2,473.3 1,636.4 8.7 51.1
    Jul-Jun 29,370.9 23,132.3 21,739.4 27.0 6.4
    Monthly average 2,447.6 1,927.7 1,811.6 27.0 6.4

    @
    Data for Q3 of FY21 have been revised
    * Data is based on original country of remitter from July,2019. The details of country wise revisions are available at:
    http://www.sbp.org.pk/departments/stats/AdvanceNotice.pdf
    … Negligible amount

    Contact Person: Muhammad Ali Shah


    Designation: Sr. Joint Director
    Phone: 021-32453988 and 021-99221900
    Email: muhammadali@sbp.org.pk
    For Feedback: http://www.sbp.org.pk/stats/survey/index.asp

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