Remittances ease to $9.45 billion in first half


KARACHI: The inflows of remittances sent by overseas Pakistan eased by 2.37 percent to $9.458 billion in first six months (July to December) of current fiscal year, compared with $9.688 billion sent during the same period in the last fiscal year, according to data released by State Bank of Pakistan (SBP) on Tuesday.
During December 2016, the inflow of worker’s remittances amounted to $1584.17 million, which is 1.2 percent lower than November 2016 and December 2015.
The country wise details for the month of December 2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $ 475.75 million, $339.93 million, $182.17 million, $181.85 million, $203.63 million and $35.08 million respectively compared with the inflow of $ 501.99 million, $ 339.53 million, $208.05 million, $190.57 million, $209.5 million and $35.25 million respectively in December 2015.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during December 2016 amounted to $165.76 million together as against $131.24 million received in December 2015.

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