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Workers’ remittances rise 15percent to $13.3 billion in first nine months of Financial Year 2015

Karachi, April 10, 2015 (PPI-OT): Overseas Pakistani workers remitted $13,327.47 million in the first nine months (July to March) of FY15, showing a significant growth of 15% compared with $11,586.06 million received during the same period in the preceding year.

During March 2015, the inflow of worker’s remittances amounted to $1,576.97 million, which is 13.3% higher than February 2015 and 18% higher than March 2014. The country wise details for the month of March 2015 shows that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $489.70 million, $411.24 million, $199.24 million, $164.28 million, $196.07 million and $25.96 million respectively compared with the inflow of $425.53 million, $262.0 million, $195.45 million, $166.46 million, $164.03 million and $34.93 million respectively in March 2014. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during March 2015 amounted to $90.48 million together as against $89.49 million received in March 2014.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +92-21-39212562
Fax: +92-21-39212563
Email: syed.wasimuddin@sbp.org.pk

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