Pakistani workers’ remittances rise by 4.0% to $5 billion in 3 months

BusinessPakistani workers' remittances rise by 4.0% to $5 billion in 3 months

KARACHI, Pakistan: Overseas Pakistani workers’ remitted $4.966054 billion in the first three months (July to September) of fiscal year 2015-16.

Pakistani workers' remittances rise by 4.0% to $5 billion in 3 months

 

The remittances showed growth of 4.01 percent compared to $4.775012 billion received during the same period in the preceding year, said the State Bank of Pakistan statement in Karachi on Monday.

During September 2015, the inflow of workers’ remittances amounted to $1775.87 million which is 16.3% higher than August 2015 and 1.57% higher than September 2014.

The country-wise details for the month of September 2015 show that inflows from Saudi Arabia, United Arab Emirates, United States of America, United Kingdom, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $483.21 million, $428.13 million, $ 260.97 million, $233.27 million, $201.34 million and $33.3 million respectively compared with the inflow of $495.63 million, $396.28 million, $252.07 million, $226.72 million, $216.84 million and $34.45 million respectively in September 2014.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during September 2015 amounted to $135.65 million together as against $126.50 million received in September 2014.

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