SBP: Overseas Pakistani workers remit USD 15.6 billion in first ten months of FY17

Karachi:  Overseas Pakistani workers remitted US$ 15596.28 million in first ten months (July to April) of FY17, compared with US$ 16044.25 million received during the same period in the preceding year.

During April 2017, the inflow of worker’s remittances amounted to US$ 1538.61 million, which is 9.2% lower than March 2017 and 7.11% less than April 2016. The country wise details for the month of April 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 439.13 million, US$ 344.01 million, US$ 199.69 million, US$ 191.62 million, US$ 175.18 million and US$ 41.89 million respectively compared with the inflow of US$ 488.78 million, US$ 345.99 million, US$ 189.88 million, US$ 221.88 million, US$ 199.53 million and US$ 39.85 million respectively in April 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during April 2017 amounted to US$147.09 million together as against US$170.55 million received in April 2016.