Workers’ remittances rise 16percent to $15 billion in first ten months of fiscal year 2015 - AsiaNet-Pakistan

Workers’ remittances rise 16percent to $15 billion in first ten months of fiscal year 2015

May 11, 2015 | Government Institutions | Share:

Karachi, May 11, 2015 (PPI-OT): Overseas Pakistani workers remitted $14,969.66 million in the first ten months (July to April) of FY15, showing a significant growth of 16.06% compared with $12,897.91 million received during the same period in the preceding year.

During April 2015, the inflow of worker’s remittances amounted to $1,640.58 million, which is 4.0% higher than March 2015 and 25.06% higher than April 2014. The country wise details for the month of April 2015 shows that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $519.68 million, $395.69 million, $233.85 million, $174.47 million, $190.59 million and $26.87 million respectively compared with the inflow of $415.09 million, $233.97 million, $206.15 million, $166.07 million, $169.67 million and $36.37 million respectively in April 2014. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during April 2015 amounted to $99.43 million together as against $84.53 million received in April 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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Category: Government Institutions