Pakistani workers remittances rise 6% in 7 months

KARACHI: Overseas Pakistani workers remitted 11.2 billion dollars in the first seven months (July - January) of FY 2015-16, showing a growth of 6 percent compared to 10.566 billion received during the same period in the preceding year.

During January 2016 the inflow of workers remittances amounted to 1462.87 million dollars which is 10.64% lower than December 2015 and 4.21% higher than January 2015.

The country-wise details for the month of January 2016 show that inflows from Saudi Arabia, United Arab Emirates (UAE), United States of America (USA), United Kingdom, GCC countries including Bahrain, Kuwait, Qatar, and Oman and European Union countries amounted to 462.18 million, 313.32 million, 179.56 million, 172.53 million, 190.38 million and 28.64 million respectively as compared to the inflow of 452.81 million, 289.79 million, 197.39 million, 178.4 million, 162.31 million and 25.85 million respectively in January 2015.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during January 2016 amounted to 116.26 million together as against 97.19 million received in January 2015.