KARACHI, NOV 17 (APP) - Home remittances have surged by 41.31 percent or $ 169.63 million to reach a record $ 580.24 million in October, 2007 as against $ 410.61 million in the same month last year.
According to SBP data here Saturday, the previous highest amount remitted in a single month was recorded in May 2007, when Pakistanis sent $ 537.98 million.
Pakistan received an amount of $ 2.082 million in the first four months (July-October 2007) of the current fiscal year 2007-08, showing an increase of $ 437.29 million or 26.60 percent over the same period of the last fiscal year.
The amount includes $ 0.67 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs). [Read more]
No comments:
Post a Comment