Overseas Pakistani remittances decline in FY 2016
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Overseas Pakistani workers remitted US $7874.49 million in first five months (July to November) of FY17, compared with US $8072.21 million received during the same period in the preceding year, the State Bank of Pakistan (SBP) reported on Friday.
Overseas Pakistani remittances in first quarter of FY 2016-17
During November 2016, the inflow of worker’s remittances amounted to US $1616.43 million, which is 3.63% higher than October 2016 and 3.27% higher than November 2015.
The country wise details for the month of October 2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $ 465.19 million, US $ 362.71 million, US $193.98 million, US $192.8 million, US $193.12 million and US $37.03 million respectively compared with the inflow of US $488.29 million, US $350.84 million, US $192.39 million, US $191 million, US $191.46 million and US $31.64 million respectively in November 2015.
