KARACHI, April 16: Overseas Pakistanis remitted a record amount of $520.24 million during March 2007 as against $423.56 million the same month last year, a rise of 22.8pc. The previous highest amount of remittance in a single month was recorded in May 2006 when $506.57 million were sent back home.During the first nine months of this fiscal the country received a total of $3,936.77 million in workers’ remittances as against $3,228.21 million in the corresponding period last year, an increase of 21.95pc.
The amount of $3,936.77 million includes $1.90 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs). [Read More]
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