Overseas Pakistani workers remit $7.8 billion in first five months of FY17

Karachi, December 09, 2016 (PPI-OT): Overseas Pakistani workers remitted US $7874.49million in first five months (July to November) of FY17, compared with US $8072.21million received during the same period in the preceding year. 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 October2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $465.19million, 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. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2016 amounted to US $171.60 million together as against US $119.57 million received in November2015.

For more information, contact:
Chief Spokesman
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: syed.wasimuddin@sbp.org.pk
Website: www.sbp.org.pk