ISLAMABAD: Overseas Pakistani remittance has been decreased to 208 million dollar during the first seven month of current fiscal year 2016-17.
State Bank of Pakistan Figures indicates that overseas Pakistani workers remitted US$10946.38 million in first seven months (July to January) of FY17, compared with US$11154.72 million received during the same period in the preceding year.
During January 2017, the inflow of worker’s remittances amounted to US$1487.72 million, which is 6.0% lower than December 2016 and 1.45% 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 US$434.15 million, US$323.11 million, US$175.01 million, US$180.91 million, US$186.41 million and US$31.69 million respectively compared with the inflow of US$463.44 million, US$314.4 million, US$168.94 million, US$174.48 million, US$192.10 million and US$31.94 million respectively in January 2016. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during January 2017 amounted to US$156.44 million together as against US$121.08 million received in January 2016.