Overseas Pakistanis remit more than $6bn in 4 months

13 Nov, 2014

KARACHI: Overseas Pakistanis remitted an amount of $ 6.077082 billion in first four months of current fiscal year (FY15).

This shows an impressive growth of 15.21 percent compared with $5.275061 billion received during the same period of the last fiscal year (FY14), said State Bank of Pakistan's statement here on Thursday.

The inflow of remittances during Oct. 2014 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 $374.65 million, $318.59 million, $213.39 million, $185.55 million, $153.09 million and $30.28 million respectively compared with the inflow of $353.46 million, $276.48 million, $225.25 million, $197.08 million,$157.32 million and $40.11 million respectively in Oct. 2013.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the last month amounted to $107.58 million as against $97.97 million received in the same month of the last fiscal year (FY14).

Copyright APP (Associated Press of Pakistan), 2014

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