Workers’ remittances rise 6.38percent to US$19.9 billion in FY16

Karachi, July 15, 2016 (PPI-OT):Overseas Pakistani workers remitted US$19914.60 million in FY16, showing a growth of 6.38% compared with US$18719.80 million received during FY15. During June 2016, the inflow of workers’ remittances amounted to US$2072.97 million.

The country wise details for the month of June 2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US$582.84 million, US$434.90 million, US$274.01 million, US$309.27million, US$232.27 million and US$50.31 million respectively compared with the inflow of US$536.68 million, US$423.24 million, US$258.95 million, US$247.96 million, US$209.66 million and US$ 34.36 million respectively in June 2015.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during June 2016 amounted to US$189.37 million together as against US$110.63 million received in June 2015.

For more information, contact:
Syed Wasimuddin
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