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Overseas Pakistanis remit record $4694.7 million, grow 19.52pc: SBP

Overseas Pakistanis remit record $4694.7 million, grow 19.52pc: SBP

ISLAMABAD: The overseas Pakistanis remitted record $4,694.69 million in the first three months of the current fiscal year, showing an impressive growth of 19.52 percent as compared with $3927.94 million received during the same period of the last fiscal year.

According to State Bank of Pakistan (SBP) data, the inflow of remittances during September 2014 from Saudi Arabia, the UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and the EU countries recorded as $495.63 million, $394.10 million, $235.99 million, $218.38 million, $213.11 million and $34.05 million respectively as compared with the inflow of $373.58 million, $276.03 million, $173.87 million, $190.09 million, $151.24 million and $33.85 million respectively in September 2013.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the last month registered as $125.33 million as against $84.75 million received in the same month of the last fiscal year.