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Overseas Pakistani workers remitted an amount of $9,033.41 million in the first seven months (July-January) of the current fiscal year 2013-14, showing a growth of 10.08 percent as compared to $8,206.34 million received during the same period of last fiscal year.
The inflow of remittances in July-January FY14 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $2,596.86 million, $1,785.84 million, $1,441.42 million, $1,309.31 million, $1,048 million and $251.13 million, respectively as compared with the inflow of $2,292.02 million, $1,669.36 million, $1,324 million, $1,155.35 million, $941.83 million and $217.89 million, respectively in July-January FY13.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first seven months of current fiscal year amounted to $600.85 million against $605.89 million received in the first seven months of last fiscal year.
In January 2014, the inflow of remittances from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $393.12 million, $213.50 million, $193.01 million, $169.46 million, $150.31 million and $34.56 million, respectively as compared with the inflow of $331.40 million, $208.46 million, $168.46 million, $150.34 million, $130.65 million and $29.12 million, respectively in January 2013. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the seventh months of the current fiscal year (January FY14) amounted to $89.43 million. -PR
Copyright Business Recorder, 2014