UAE - Pakistani expats in the UAE topped remittances for June, sending $356 million during the month, figures from the central bank showed.
Furthermore, it has been another strong year for remittances: Overseas Pakistanis sent $21.84 billion during the 2019 financial year, an increase of 9.7 per cent from last year's $19.91 billion, State Bank of Pakistan (SBP) data added.
According to the SBP's latest figures, remittances for June increased by 1.4 per cent to $1.65 billion compared to the same month in 2018. However, it fell 28.7 per cent month-on-month.
In June, Pakistanis living and working in the GCC remitted a total of $853.49 billion. Following the UAE are Saudi Arabia ($334 million), the US ($276.76 million), the UK ($268.97 million), other Gulf countries ($163.46 million) and various EU nations ($52.49 million).
Remittances from the UAE increased by $10.7 million in June.
SBP figures also showed that Malaysia, Norway, Switzerland, Australia, Canada and Japan were the other major markets for remittances last month.
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