Overseas Pakistanis remit $1.6 billion in first month of Financial Year 2016

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Overseas Pakistanis remit $1.6 billion in first month of Financial Year 2016

 

Karachi, August 10, 2015 (PPI-OT):Overseas Pakistani workers remitted US $ 1663.61million in the month of July FY16, showing a growth of 0.86% compared with US $ 1649.39million received during the same period in the preceding year.

The country wise details for the month of July 2015 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $474.42 million, US $367.51 million, US $255.32 million, US $232.33 million, US $197.86 million and US $32.5 million respectively compared with the inflow of US $454.47 million, US $352.89 million, US $257.08 million, US $247.96 million, US $179.76 million and US $44.32 million respectively in July 2014. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during July 2015 amounted to US $103.67 million together as against US $112.91 million received in July 2014.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +92-21-39212562
Fax: +92-21-39212563
Email: syed.wasimuddin@sbp.org.pk