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Overseas Pakistani workers remit $12.3 billion in first eight months of FY17

Karachi, March 10, 2017 (PPI-OT):Overseas Pakistani workers remitted US$ 12363.3 million in first eight months (July to February) of FY17, compared with US$ 12676.64 million received during the same period in the preceding year.

During February 2017, the inflow of worker’s remittances amounted to US$ 1416.92 million, which is 4.7% lower than January 2017 and 6.9% less than February 2016. The country wise details for the month of February 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$ 404.39 million, US$ 320.24 million, US$ 177.76 million, US$ 170.55 million, US$ 168.2 million and US$ 31.7 million respectively compared with the inflow of US$ 475.07 million, US$ 320.37 million, US$ 182.17 million, US$ 179.65 million, US$ 197.63 million and US$ 35.37 million respectively in February 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during February 2017 amounted to US$144.08 million together as against US$131.66 million received in February 2016.

For more information, contact:
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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