Overseas Pakistani remittances in first quarter of FY 2016-17    

Overseas Pakistani remittances in first quarter of FY 2016-17    
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ISLAMABAD: (APP) Overseas Pakistani workers remitted US $4698.31 million in first three months (July to September) of FY 16-17 , compared with US $4965.81 million received during the same period in the preceding year.

A statement of State Bank of Pakistan (SBP) said that during September 2016, the inflow of worker's remittances amounted to US$1609.29 million, which is 8.60% lower than August 2016 and 9.34% lower than September 2015.

Highlighting the country wise details for the month of September 2016, the SBP statement said that it showed that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $437.87 million, US $361.89 million, US $210.82 million, US $210.18 million, US $182.16 million and US $43.6 million respectively.

This was compared with the inflow of US $ 483.21 million, US $428.13 million, US $ 260.43 million, US $233.27 million, US $201.34 million and US $33.31 million respectively in September 2015.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during September 2016 amounted to US $162.77 million together as against US $135.46 million received in September 2015.

 

 

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