KARACHI - Overseas Pakistani workers remitted an amount of $14,332.97 million in the first eleven months (July–May) of the current fiscal year 2013-14 (FY14), showing a growth of 12.37 per cent when compared with $12,755.37 million received during the same period of last fiscal year (July-May FY13).

According to the  SBP, the inflow of remittances in July–May FY14 from Saudi Arabia, UAE, USA, UK, other GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $4,257.50 million, $2,813.80 million, $2,241.80 million, $1,979.32 million, $1,691.41 million and $394.37 million respectively as compared with the inflow of $3,751.55 million, $2,531.57 million, $2,006.28 million, $1,774.07 million, $1,469.70 million and $326.34m respectively in July-May FY13. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first eleven months of current fiscal year amounted to $954.77m as against $895.86m received in the first eleven months of last fiscal year. In May 2014, the inflow of remittances from S Arabia, UAE, USA, UK, other GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $451.14m, $290.91m, $214.74m, $181.04m, $164.01m and $39.06m respectively as compared with the inflow of $379.96m, $219.56m, $186.43m, $162.96m, $138.03m and $28.65m respectively in May, 2013. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the eleventh month of the current fiscal year (May FY14) amounted to $97.46m.