Workers’ remittances rise 6pc to $11.2b in 7MFY16
Overseas Pakistani workers remitted $11198.18 million in the first seven months (July to January) of FY16, showing a growth of 6pc compared with $10565.9 million received during the same period in the preceding year.
During January 2016, the inflow of worker's remittances amounted to US $ 1462.87 million, 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, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $ 462.18 million, US $ 313.32 million, US $ 179.56 million, US $ 172.53 million, US $ 190.38 million and US $ 28.64 million respectively compared with the inflow of US $ 452.81 million, US $ 289.79 million, US $ 197.39 million, US $ 178.4 million, US $ 162.31 million and US $ 25.85 million respectively in January 2015.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during January 2016 amounted to $116.26m together as against US $97.19 million received in January 2015.