Workers’ remittances rise 5.2% to $16bn in July-Apr 2015-16

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Overseas Pakistani workers remitted $16.035 billion in the first ten months (July to April) of 2015-16, showing a growth of 5.25 per cent compared to $15.235 billion received during the same period in the preceding year.

During April 2016, the inflow of worker’s remittances amounted to $1.657 billion, which is 3.17% lower than March 2016 and 1.02 per cent higher than April 2015. The country wise details for the month of April 2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $488.78 million, $345.99 million, $189.84 million, $221.88 million, $199.53 million and $39.85 million respectively compared with the inflow of $519.65 million, $398.41 million, $214.45 million, $186.96 million, $193.13 million and $27 million respectively in April 2015. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during April 2016 amounted to $170.98 million altogether against $100.49 million received in April 2015.