Workers' remittances rise by 16pc to $15bn in 10 months

11 May, 2015

KARACHI: Overseas Pakistani workers' remitted dollars 14.969066 billion in first ten months (July to April) of 2014-15; showing a significant growth of 16.06 percent.

Dollars 12.897091 billion were received during the same period of the preceding fiscal year, said State Bank of Pakistan's (SBP) statement here on Monday.

During April 2015, the inflow of workers' remittances amounted to $1.640058 billion, which is 4.0% higher than March 2015 and 25.06% higher than April 2014.

The country-wise details for the month of April 2015 shows that inflows 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 $519.68 million, $395.69 million, $233.85 million, $174.47 million, $190.59 million and $26.87 million respectively compared with the inflow of $ 415.09 million, $ 233.97 million, $ 206.15 million, $166.07 million, $169.67 million and $36.37 million respectively in April 2014. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during April 2015 amounted to $99.43 million together as against $84.53 million received in April 2014.

Copyright APP (Associated Press of Pakistan), 2015

Read Comments