Overseas Pakistani workers remit USD14 billion during July to March period

News Image

MG News | April 10, 2017 at 05:45 PM GMT+05:00

0:00

Overseas Pakistanis remitted around $330 million less during the first nine months of the current fiscal year compared to same period last year owing to falling revenues of oil producing countries and some harsher conditions on the workers abroad.
According to the statement released by the State Bank of Pakistan overseas workers remitted $14.057 billion during July 2016 to March 2017 period as compared with $14.387 billion of the same period corresponding years.
During March 2017, the inflow of worker’s remittances amounted to US$ 1.694 billion, which is 19.58% higher than February 2017 and 1% less than March 2016.
The country wise details for the month of March 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 504.6 million, US$ 363.24 million, US$ 213.29 million, US$ 209.14 million, US$ 197.21 million and US$ 38.85 million respectively compared with the inflow of US$ 514.8 million, US$ 396.35 million, US$ 202.73 million, US$ 202.37 million, US$ 212.47 million and US$ 26.61 million respectively in March 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during March 2017 amounted to US$168.04 million together as against US$155.82 million received in March 2016.

Related News

Name Price/Vol %Chg/NChg
KSE100 139,627.40
22.79M
0.88%
1215.15
ALLSHR 86,486.54
52.30M
0.91%
783.58
KSE30 42,639.27
11.33M
0.91%
384.43
KMI30 196,100.71
12.09M
1.03%
1991.12
KMIALLSHR 57,329.81
21.12M
1.09%
616.15
BKTi 38,150.51
1.90M
0.84%
319.17
OGTi 28,037.37
5.21M
2.17%
596.74
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,215.00 119,430.00
117,905.00
1595.00
1.36%
BRENT CRUDE 72.30 72.82
72.26
-0.94
-1.28%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.92 70.41
69.88
-0.08
-0.11%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News
July 31, 2025 at 09:42 AM GMT+05:00

NBP issues foreign exchange rates


July 31, 2025 at 09:36 AM GMT+05:00

Asian Markets mixed amid trade tensions


July 31, 2025 at 09:12 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 30, 2025 at 09:36 PM GMT+05:00

Pakistan advances into the era of digital economy



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg