Overseas Pakistani workers remitted $ 8,981.67 million in first half (July to December) of fiscal year 2015 (FY15), showing an impressive growth of 15.26 per cent as compared to $7,792.40 million received during the same period of FY14, says a State Bank of Pakistan (SBP) release issued Monday.
During December 2014, the inflow of worker’s remittances amounted to $ 1,583.23 million, which is 20 per cent higher than November 2014 and 14.32 per cent higher than December 2013.
The country-wise details for the month of December 2014 shows that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $ 499.08 million, $ 352.37million, $ 222.45 million, $ 188.34 million, $ 189.22 million and $ 30.34 million respectively, as compared with the inflow of $ 410.03 million, $ 275.16 million, $ 223.99 million, $ 177.11 million, $ 165.05 million and $ 37.43 million respectively in December 2013.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during December 2014 amounted to $ 101.43 million together as against $ 96.17 million received in December 2013.
Workers’ remittances up over 15pc in FY15 first half
