Workers’ remittances rise over 15% to $9 billion in first half of FY15January 11, 2015
Karachi: Overseas Pakistani workers remitted $8,981.67 million in first half (July to December) of FY15, showing an impressive growth of 15.26 percent compared with $7,792.40 million received during the same period of FY14, says a State Bank of Pakistan (SBP) release on Monday.
During December 2014, the inflow of worker’s remittances amounted to $1,583.23 million, which is 20% higher than November 2014 and 14.32% higher than December 2013. The country wise details for the month of December 2014 shows that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $499.08 million, $352.37million, $222.45 million, $188.34 million, $189.22 million and $30.34 million respectively compared with the inflow of $410.03 million, $275.16 million, $223.99 million, $177.11 million, $165.05 million and $37.43 million respectively in December 2013. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during December 2014 amounted to $101.43 million together as against $96.17 million received in December 2013.
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