KARACHI: Remittances sent home by overseas Pakistanis continued to rise as an amount of $985.20 million was received in the first two months (July-August) of the current fiscal year 2007-08, showing an increase of $173.35 million or 21.35 percent over the same period of last fiscal year.
The monthly average remittances for the period July-August, 2007 was $492.60 million as compared with $405.93 million during the corresponding period of last fiscal year, registering an increase of 21.35 percent.
The inflow of remittances during July-August period from USA, Saudi Arabia, UAE, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $265.33 million, $202.40 million, $156.88 million, $142.88 million, $82.81 million and $28.88 million, respectively as compared to $203.59 million, $165.34 million, $124.97 million, $115.42 million, $69.38 million and $24.60 million, in the July-August period of last fiscal year. [Read more]
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