State Bank of Pakistan says that Overseas Pakistani workers’ remittances declined by US$ 313.34 million in first eight months (July to February) of FY17.
Overseas Pakistani workers remitted US$ 12,363.3 million from July 2016 till February 2017, compared with US$ 12,676.64 million received during the same period in the preceding year.
During February 2017, the inflow of worker’s remittances amounted to US$ 1,416.92 million, which is 4.7% lower than January 2017 and 6.9% less than February 2016.
The country wise details for the month of February 2017 are as following:
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during February 2017 amounted to US$144.08 million together as against US$131.66 million received in February 2016.