Pakistani workers remit $12.3bn down by 2.4pc in July-Feb of 2016-17

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Overseas Pakistani workers remitted $12.363 billion in first eight months (July to February) of 2016-17, down by 2.4 per cent or $314 million, compared with $12.677 billion received during the same period in the preceding year.

During February 2017, the inflow of workers’ remittances amounted to $1.417 billion, which is 4.7 per cent lower than January 2017 and 6.9 per cent 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 $404.39 million, $320.24 million, $177.76 million, $170.55 million, $168.2 million and $31.7 million respectively compared with the inflow of $475.07 million, $320.37 million, $182.17 million, $179.65 million, $197.63 million and $35.37 million respectively in February 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during February 2017 amounted to $144.08 million together as against $131.66 million received in February 2016.