Overseas Pakistani workers remit $11 billion in seven months

KARACHI: Overseas Pakistani workers remitted $10946.38 million in first seven months (July to January) of FY17, compared with $11154.72 million received during the same period in the preceding year.

During January 2017, the inflow of worker’s remittances amounted to $1487.72 million, which is 6.0% lower than December 2016 and 1.45% higher than January 2016. The country wise details for the month of January 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $434.15 million, $323.11 million, $175.01 million, $180.91 million, $186.41 million and $31.69 million respectively compared with the inflow of $463.44 million, $314.4 million, $168.94 million, $174.48 million, $192.10 million and $31.94 million respectively in January 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during January 2017 amounted to $156.44 million together as against $121.08 million received in January 2016.

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