Pak re­ceives $14,157.65m for­eign ex­change in FY2015-16

Pakistan Observer - - ECONOMY WATCH -

Cur­rency Sell­ing Buy­ing ISLAMABAD—Pak­istan has re­ceived valu­able for­eign ex­change of US$14,157.65 mil­lion from Over­seas Pak­ista­nis dur­ing the cur­rent fis­cal year (till March) so far.

Ac­cord­ing to the data re­ceived to the Min­istry of Over­seas Pak­ista­nis and Hu­man Re­source De­vel­op­ment from State Bank of Pak­istan, an amount of US$1,884.27 mil­lion was sent by the hu­man re­source in United States from July 2015 till March 2016.

An amount of US$1,758.55 mil­lion was sent by the over­seas work­ers in United King­dom while US$4,337.11 mil­lion was sent by the work­ers in Saudi Ara­bia.

The re­mit­tances of US$3,125.29 mil­lion were re­ceived from United Arab Emi­rates in­clud­ing US$2,121.86 mil­lion from Dubai, US$953.25 mil­lion from Abu Dhabi, US$48.88 mil­lion from Shar­jah and US$1.30 mil­lion from others.

The work­ers in Gulf Co­op­er­a­tion Coun­cil (GCC) coun­tries sent US $ 1,711.67 mil­lion re­mit­tances to the coun­try in­clud­ing US$326.74 mil­lion from Bahrain, US$544.03 mil­lion from Kuwait, US$274.42 mil­lion from Qatar and US$566.48 mil­lion from Oman.

The Pak­istani work­force in Euro­pean coun­tries have sent re­mit­tances of US$277.55 mil­lion to the coun­try in­clud­ing US$62.38 mil­lion from Ger­many, US$22.22 mil­lion from France, US$3.48 mil­lion from Nether­lands and US$37.03 mil­lion from Spain.

Among the other Euro­pean coun­tries, an amount of US$28.12 mil­lion re­mit­tances were re­ceived from Italy, US$4.78 mil­lion from Greece, US$10.32 mil­lion from Swe­den and US$6.98 mil­lion from Den­mark, US$97.20 mil­lion from Ire­land and US$5.04 mil­lion from Bel­gium.

The re­mit­tances worth US$22.18 mil­lion re­ceived from work­ers in Nor­way, US$17.02 mil­lion from Switzer­land, US$132.17 mil­lion from Aus­tralia, US$115.33 mil­lion from Canada, US$7.95 mil­lion from Ja­pan

While US$3868.94 mil­lion were con­trib­uted in the na­tional econ­omy of the coun­try by the Pak­istani work force serv­ing in other coun­tries of globe.

While US$768.56 mil­lion were con­trib­uted in the na­tional econ­omy of the coun­try by the Pak­istani work force serv­ing in other coun­tries of globe.—Agen­cies

ISLAMABAD: Of­fice-bear­ers with Pres­i­dent, Hand­i­craft As­so­ci­a­tion of Pak­istan M Khur­shid Bar­las on the oc­ca­sion of Na­tional Con­sul­ta­tive meet­ing.

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