Overseas Pakistanis remit $1.6 billion in July-2015

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KARACHI: Overseas Pakistanis have remitted 1.6 billion dollars in the month of July. People had remitted 1649.39 million dollars last year and 0.86 percent growth was witnessed in the remits this year.

State Bank of Pakistan on Monday said in a statement that the country wise details for the month of July 2015 shown that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $474.42 million, $367.51 million, $255.32 million, $232.33 million, $197.86 million and $32.5 million respectively compared with the inflow of US $454.47 million, $352.89 million, $257.08 million, $247.96 million, $179.76 million and $44.32 million respectively in July 2014.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during July 2015 amounted to US $103.67 million together as against $112.91 million received in July 2014.