Workers’ remittances rise 5.4% to $3.1b in July-August 2015-16

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Overseas Pakistani workers remitted $3190.67 million in the first two months (July to August) of FY16, showing a growth of 5.42 per cent compared with $3026.63 million received during the same period in the preceding year.

During August 2015, the inflow of worker’s remittances amounted to $1527.06 million, which is 8.21 per cent higher than July 2015 and 13.04 per cent higher than August 2014. The country wise details for the month of August 2015 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $483.29 million, $319.15 million, $199.57 million, $206.29 million, $193.75 million and $27.75 million respectively compared with the inflow of $396.9 million, $286.69 million, $212.94 million, $176.19 million, $153.85 million and $33.33 million respectively in August 2014. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during August 2015 amounted to $97.26 million together as against $90.96 million received in August 2014.