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Reading: Remittances rise 11.45pc in first 10 months of Fiscal year
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PhotoNews Pakistan > Top News > Remittances rise 11.45pc in first 10 months of Fiscal year
Top News

Remittances rise 11.45pc in first 10 months of Fiscal year

Web Desk
By Web Desk Published May 13, 2014 1 Min Read
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Overseas Pakistani workers remitted $12.9 billion in the first 10 months (July-April) of this fiscal year, a growth of 11.45 per cent as compared with corresponding period of the previous year.

The State Bank of Pakistan on Monday said the inflow of remittances in the 10-month period from Saudi Arabia, US, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and the European Union (EU) amounted to $3.8bn, $2.52bn, $2.02bn, $1.8bn, $1.52bn and $355.31 million respectively, compared with $3.37bn, $2.3bn, $1.82bn, $1.6bn, $1.3bn and $297.69m.

In April this year, the inflow of remittances from Saudi Arabia, UAE, US, UK, GCC countries and the 28-nation EU amounted to $415.09m, $233.97m, $206.15m, $166.07m, $169.67m and $36.37m respectively compared with $392.28m, $226.07m, $183.19m, $176.14m, $135.81m and $28.65m in April 2013.

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