Workers’ remittances rise 5.2% to US $16 billion: SBP

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ISLAMABAD, May 10 (APP): Overseas Pakistani workers remitted US $
16034.39 million in the first ten months (July to April) of FY16, showing a growth of 5.25% compared with US $ 15235 million received during the same period in the preceding year.
During April 2016, the inflow of worker’s remittances amounted to US $
1656.85 million, which is 3.17% lower than March 2016 and 1.02% higher than April 2015, said a statement issued by the Central bank on Tuesday.
The country wise details for the month of April 2016 show that inflows
from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $ 488.78 million, US $ 345.99 million, US $ 189.84 million, US $ 221.88 million, US $ 199.53 million and US $ 39.85 million respectively compared with the inflow of US $ 519.65 million, US $ 398.41 million, US $ 214.45 million, US $ 186.96 million, US $ 193.13 million and US $ 27 million respectively in April 2015.