KARACHI - Overseas Pakistani workers remitted $12714.57 million in the first eight months (July to February) of FY16, showing a growth of 6.07 percent compared with $11986.44 million received during the same period in the preceding year.
During February 2016, the inflow of remittances amounted to $1516.39 million, which is 3.65% higher than January 2016 and 6.74% higher than February 2015.
The country-wise details for the month of January 2016 showed that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $471.94 million, $317.12 million, $212.19 million, $174.66 million, $191.75 million and $28.48 million respectively compared with the inflow of $453.41 million, $319.1 million, $189.63 million, $180.02 million, $168.22 million and $24.17 million respectively in February 2015.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during February 2016 amounted to $120.25 million together as against $85.99 million received in February 2015.