Overseas Pakistanis remit $1.6 billion in the first month of FY16

KARACHI: Overseas Pakistani workers remitted $1663.61 million in the month of July FY16, showing a growth of 0.86% compared with $1649.39 million received during the same period in the preceding year.

According to statement issued here by State Bank of Pakistan (SBP) on Monday, 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 $474.42 million, $367.51 million, $255.32 million, $232.33 million, $197.86 million and $32.5 million respectively compared with the inflow of US $454.47 million, $352.89 million, $257.08 million, $247.96 million, $179.76 million and $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 $112.91 million received in July 2014.-APP

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