Overseas Pakistanis remit $4.69bn in 3 months

15 Oct, 2014

KARACHI: Overseas Pakistanis remitted an amount of $ 4694.69 million in first three months of current fiscal year (FY15) ; showing an impressive growth of 19.52 percent compared to $ 3927.94 million received during the same period of the last fiscal year (FY14), says State Bank of Pakistan.

SBP statement here Wednesday said, the inflow of remittances during September 2014 from Saudi Arabia, United Arab Emirates (UAE), United States of America, United Kingdom, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and European Union countries amounted to $495.63 million, $394.10 million, $235.99 million, $218.38 million, $213.11 million and $34.05 million respectively compared with the inflow of $373.58 million, $276.03 million, $173.87 million, $190.09 million, $151.24 million and $33.85 million respectively in Sept. 2013.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the last month amounted to $125.33 million as against $84.75 million received in the same month of the last fiscal year (FY14).

Copyright APP (Associated Press of Pakistan), 2014

Read Comments