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Overseas Pakistani workers remitted $8.982 billion in first half (July to December) of FY15, showing an impressive growth of 15.26 percent compared to $7.792 billion received during the same period of FY14. During December 2014, the inflow of worker's remittances amounted to $1,583.23 million, which is 20 percent higher than November 2014 and 14.32 percent 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 as compared to 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.-PR

Copyright Business Recorder, 2015

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