July – April, 2013 – 2014 Remittances rise 11.45%

Overseas Pakistani workers remitted an amount of $12.894 billion in the first 10 months (July-April) of the current fiscal year 2013-14, showing a growth of 11.45 percent as compared with $11.570 billion received during the same stop of last fiscal year (July-April FY13).

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The influx of remittances in July-April FY14 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries came to $3,806.36 million, $2,522.89 million, $2,027.06 million, $1,798.28 million, $1,527.40 million and $355.31 million respectively as compared with the inflow of $3,371.59 million, $2,312.01 million, $1,819.85 million, $1,611.11 million, $1,331.67 million and $297.69 million respectively in July-April FY13.

In April this year, the influx 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.

Remittances from Norway, Switzerland, Australia, Canada, Japan and other rural areas during the first 10 months of current fiscal year amounted to $857.31 million as against $825.8 million received in the first 10 months of last financial year.

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