KARACHI: Expatriates Pakistani have remitted $3.089 billion in the first two months (July to August) during the new financial year, (FY17) as compared with $3.190 million received during the same period of last year, showing a decrease of $101.64 million. State Bank of Pakistan (SBP) on Friday released figures of workers remittances, the country received inflow of $1.760 billion during August 2016 under worker’s remittances which is 32.57 higher than July 2016 and 15.3 percent higher than August 2015. The country wise details for the month of August 2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to US $507.26 million, US $401.18 million, US $223.7 million, US $192.64 million, US $222.57 million and US $43.5 million respectively compared with the inflow of US $483.3 million, US $319.15 million, US $199.6 million, US $206.29 million, US $193.75 million and US $27.77 million respectively in August 2015. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during August 2016 amounted to $170 million together as against $97.33 million received in August 2015.
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