The Pakistanis working abroad remitted over $13.920 billion during just-concluded last fiscal year ranging from July 2012 to June 2013, according to a State Bank of Pakistan report on Wednesday.
The report shows a growth of 5.56 percent or $733.64 million compared with $13.186 billion the country received during July-June 2012.
The inflow of remittances during the period under review from Saudi Arabia, the UAE, the US, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $4,104.73 million, $2,750.17 million, $2,186.21 million, $1,946.01 million, $1,607.88 million and $357.37 million, respectively.
This was in comparison with the respective inflows of $3,687.00 million, $2,848.86 million, $2,334.47 million, $1,521.10 million, $1,495.00 million and $364.79 million that came to Pakistan in FY2012.
The remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the last fiscal year (July-June 2013) amounted to $967.79 million as against $935.36 million received in the last fiscal year (July- June 2012).
The monthly average remittances for July‐June 2013 period comes out to $1,160.02 million compared to $1,098.89 million during the corresponding period of the last fiscal year. Last month (June 2013), an amount of $1,164.79 million was sent home by overseas Pakistanis, up by 4.23 percent, compared with $1,117.52 million received in the same month of 2012.
In June 2013, the inflow of remittances from Saudi Arabia, UAE, USA, UK, GCC countries and EU countries amounted to $353.18 million, $218.60 million, $179.93 million, $171.94 million, $138.18 million and $31.03 million respectively compared with the inflow of $333.68 million, $219.14 million, $206.60 million, $126.72 million, $128.12 million and $29.24 million respectively in June 2012.Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during June 2013 amounted to $71.93 million as against $73.98 million received in the same month (June 2012) of the last fiscal year.
