KARACHI: Workers' remittances rose over 15 per cent to dollars 7.3 billion in first five months of FY15, said State Bank of Pakistan (SBP).
According to SBP's statement here on Thursday, overseas Pakistani workers remitted dollars 7.39804 billion in first five months of FY15 ; showing an impressive growth of 15.5 percent compared with dollars 6.40705 billion received during the same period of FY14.
During November 2014, the inflow of workers' remittances amounted to $ 1.32006 billion, which is 4.5% lower than October 2014 but 16.8% higher than November 2013.
The country-wise details for the month of November 2014 show that inflows from Saudi Arabia, United Arab Emirates (UAE), United States of America (USA), United Kingdom, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $ 429.1 million, $271.2 million, $ 178.8 million, $156.7 million, $150.5 million and $24.3 million respectively compared with the inflow of $334.1 million, $236.3 million, $174.4 million, $155.1 million, $128.2 million and $29.8 million respectively in November 2013.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2014 amounted to $110.2 million together as against $71.76 million received in November 2013.
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