Tuesday 23 October 2007

Afghanistan receives $3.3b remittances from expats

ajhwok;21/10/2007;By Lalit K. Jha;NEW YORK - Afghanistan has received over $3.3 billion from its expatriate community in 2006, says a fresh UN report released here.Emerging from the shadow of the nearly three-decades of civil war, this is for the first time that any study has come out with a figure of remittances being received by the country.

Though, Afghanistan has a long way to go as far as ranking among nations for receiving remittances are concerned, the country received more than Nepal among the South Asian countries and closely touched that of Sri Lanka.

The report released by the UN International Fund for Agricultural Development said Nepal received $1.1 billion and Sri Lanka $3.4 billion. India with $24.5 billion ranks tops among all the nations, while neighboring Pakistan received $6.2 billion last year. [Read more]

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