Overseas Pakistanis’ remittances reach $6077.82m in four-month

KARACHI: State Bank of Pakistan (SBP) said on Thursday that overseas Pakistanis remitted an amount of $6077.82 million in first four months of current fiscal year (FY15), showing an impressive growth of 15.21 percent compared with $5275.61 million received during the same period of the last fiscal year (FY14).

The inflow of remittances during October 2014 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $374.65 million, $318.59 million, $213.39 million, $185.55 million, $153.09 million and $30.28 million respectively compared with the inflow of $353.46 million, $276.48 million, $225.25 million, $197.08 million, $157.32 million and $40.11 million respectively in October 2013.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the last month amounted to $107.58 million as against $97.97 million received in the same month of the last fiscal year (FY14).

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