Our Staff Reporter

KARACHI - Overseas Pakistani workers remitted an amount of $9,234.72 million in the first eight months (July–February) of the current fiscal year 2012-13 (FY13), showing a growth of 7.47 percent or $641.93 million when compared with $8,592.79 million received during the same period of last fiscal year (July- February 2012).According to State Bank of Pakistan, the inflow of remittances in July- February, 2013 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $2,627.78 million, $1,865.73 million, $1,461.13 million, $1,284.75 million, $1,067.50 million and $242.61 million respectively as compared with the inflow of $2,325.98 million, $1,903.89 million, $1,525.45 million, $991.20 million, $968.91 million and $244.91 million respectively in July-February 2012. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first eight months of current fiscal year (July- February FY13) amounted to $685.17 million as against $632.45 million received in the first eight months of last fiscal year (July- February FY12).

The monthly average remittances for July-February 2013 period comes out to $1,154.34 million as compared to $1,074.10 million during the corresponding period of the last fiscal year.

An amount of $1,028.33 million was remitted by overseas Pakistanis in February 2013 as against $1,156.81 million in the same month of the last fiscal year (February 2012).

In Feb 2013, the inflow of remittances from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $335.76 million, $196.37 million, $137.13 million, $129.40 million, $125.67 million and $24.72 million respectively as compared with the inflow of $317.51 million, $259.55 million, $197.14 million, $137.73 million, $123.50 million and $29.27 million respectively in Feb, 2012. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the eighth month of the current fiscal year (February FY13) amounted to $79.28 million as against $92.11 million received in the eighth month of last fiscal year (February 2012).