Remittances rise

Published February 12, 2014

KARACHI: Overseas Pakistanis remitted $9,033.41 million in the first seven months (July-January) of the current fiscal year, a growth of 10.08 per cent compared with $8206.34m in the same period a year ago.

An SBP statement said that the inflow of remittances from Saudi Arabia was $2,596.86m, the United Arab Emirates $1,785.84m, the United States $1,441.42m, the UK $1,309.31m, GCC countries (including Bahrain, Kuwait, Qatar and Oman) $1,048m, and the European Union $251.13m.

The figures in the same period of FY13 were $2,292.02m, $1,669.36m, $1,324m, $1,155.35m, $941.83m and $217.89m, respectively.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the seventh-month period amounted to $600.85m as against $605.89m a year earlier.

In January 2014, remittances from Saudi Arabia were $393.12m, the United Arab Emirates $213.50m, the United States $193.01m, the UK $169.46m, GCC countries (including Bahrain, Kuwait, Qatar and Oman) $150.31m, and the European Union $34.56m, compared with $331.40m, $208.46m, $168.46m, $150.34m, $130.65 m and $29.12m in January, 2013.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during last month were $89.43m.—APP

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Battling hate
Updated 15 Mar, 2026

Battling hate

In the current scenario, geopolitical conflict, racial prejudice and religious bigotry all contribute to the threats Muslims face.
TB drugs shortage
15 Mar, 2026

TB drugs shortage

‘CRIMINAL negligence’ is the phrase that jumps to mind when one considers the disturbing consequences of the...
Chinese diplomacy
Updated 14 Mar, 2026

Chinese diplomacy

THERE are signs that China is taking a more active role in trying to resolve the issue of cross-border terrorism...
Fragile gains at risk
14 Mar, 2026

Fragile gains at risk

PAKISTAN is confronting an external shock stemming from the US-Israel war on Iran that few of the other affected...
Kidney disease
14 Mar, 2026

Kidney disease

ON World Kidney Day this past Thursday, the Pakistan Medical Association raised the alarm on Pakistan’s...
Delicate balance
Updated 13 Mar, 2026

Delicate balance

PAKISTAN has to maintain a delicate balance where the geopolitics of the US-Israeli aggression against Iran are...