Overseas Pakistani workers remit $19.3bn during 2016-17

KARACHI

Overseas Pakistani workers remitted $19,304 billion in fiscal year 2016-17 down by 3.1 per cent or $610 million, compared with $19,917 billion received during the same period in the preceding year.

During June 2017, the inflow of worker’s remittances amounted to $1.840 million, which is 1.46 per cent lower than May 2017 and 11.24 per cent lower than June 2016.

The country wise details for the month of June 2017 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $438.07 million, $414.22 million, $265.37 million, $252.46 million, $232.89 million and $56.97 million respectively compared with the inflow of $582.84 million, $434.9 million, $274.1 million, $309.27 million, $232.27 million and $50.33 million respectively in June 2016.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during June 2017 amounted to $179.98 million together as against $189.37 million received in June 2016.

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