Overseas Pakistanis remit $1.6b in first month of FY16

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Overseas Pakistani workers remitted $ 1663.61 million in the month of July FY16, showing a growth of 0.86 percent compared with $ 1649.39 million received during the same period in the preceding year.

The country-wise details for the month of July 2015 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $474.42 million, US $367.51 million, US $255.32 million, US $232.33 million, US $197.86 million and US $32.5 million respectively compared with the inflow of US $454.47 million, US $352.89 million, US $257.08 million, US $247.96 million, US $179.76 million and US $44.32 million respectively in July 2014. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during July 2015 amounted to US $103.67 million together as against US $112.91 million received in July 2014