Workers remittances up 626 to 97 bn in first half of FY16

ISLAMABAD: Overseas Pakistani workers remitted $9.735 billion in the first six months (July – December) of Fiscal Year 2015-16, showing a growth of 6.26 percent compared with $9.162 billion received during the same period in the preceding year.During December 2015 the inflow of workers remittances amounted to $1.637 billion which is 2.84 percent higher than that in November 2015 and 0.18 percent higher than that in December 2014, said a statement here on Monday.The country wise details for the month of December 2015 show that inflows from Saudi Arabia, UAE, USA, UK, Gulf Cooperation Countries (including Bahrain Kuwait Qatar and Oman) and European Union countries amounted to $503.2 million, $341.55 million, $212.1 million, $193.72 million, $213.29 million, and $37.14 million respectively compared with the inflow of $499.09 million, $355.24million, $256.08 million, $198.72 million, $191.48 million and $30.57 million respectively in December 2014.Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during December 2015 amounted to $136.06 million together as against $102.88 million received in December 2014, the statement added.’