Remittances by Pakistanis living in the EU

Remittances by Pakistanis living in the EU

Remittances by Pakistanis living in the EU |Remittances by Pakistanis living in EU member states increased by 6.76% State Bank remittances from Pakistanis residing in EU member states recorded a 6.76 percent increase over the same period last fiscal year, according to State Bank of Pakistan data from the European Union in the period from July to November 2019. Pakistanis based in US countries send $ 283.35 million foreign exchange country, which is 6.76% higher than the same period last fiscal year, Pakistanis based in EU countries sent $ 265.42 million foreign exchange country in the same period of last fiscal year.

According to statistics, Pakistanis residing in European Union countries made $ 52.76 million foreign exchange country in November, $ 60.94 million was sent by the Pakistanis living in EU countries in November last year. During that period, Pakistanis based in Germany reported $ 54.18 million, Spain $ 72.5 million, Italy $ 60.66 million and France-based Pakistanis received $ 30.56 million. During the same period of the last financial year, Pakistanis based in Germany, Spain, Italy, and France paid the US $ 53.61, 68.16, 46.36 and $ 24.44 million respectively. As a result, gross remittances in the last financial year were recorded a 9.67 percent increase. Remittances so far in the current financial year have been staggering.