Overseas Pakistanis remit US $1.32 billion in the first month of FY17

Karachi, August 10, 2016 (PPI-OT):Overseas Pakistani workers remitted US $ 1328.18 million in the first month (July) of FY17 as compared with US $ 1663.61 million received during the same period in the preceding year. During July 2016, the inflow of worker’s remittances amounted to US $ 1328.18 million, which is 36% less than June 2016 and 20.16% less than July 2015.

The country wise details for the month of July 2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $ 378.69 million, US $ 293.72 million, US $ 169.68 million, US $ 143.61 million, US $ 169.61 million and US $ 35.74 million respectively compared with the inflow of US $ 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 in July 2015.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during July 2016 amounted to US $137.13 million together as against US $103.67 million received in July 2015.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: syed.wasimuddin@sbp.org.pk
Website: www.sbp.org.pk

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