Remittance down by 1.8pc to $10.947b in July-Jan 2016-17

 

Overseas Pakistani workers remitted $10.947 billion in Jul-Jan of 2016-17, down by $208 million or 1.8 per cent compared with $11.155 billion received during the same period in the preceding year.

During January 2017, the inflow of worker’s remittances amounted to $1.488 billion, which is 6 per cent lower than December 2016 and 1.45 per cent higher than January 2016.

The country wise details for the month of January 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $434.15 million, $323.11 million, $175.01 million, $180.91 million, $186.41 million and $31.69 million respectively compared with the inflow of $463.44 million, $314.4 million, $168.94 million, $174.48 million, $192.10 million and $31.94 million respectively in January 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during January 2017 amounted to $156.44 million together as against $121.08 million received in January 2016.

Must Read

Pakistan’s IT exports could exceed $25b through better utilization of resources:...

ISLAMABAD: Prime Minister Shehbaz Sharif has said that Pakistan's IT exports could exceed twenty-five billion dollars through better utilization of resources and provision of training...