Wednesday, 16 April 2008

Pakistan's Remittance Flow Records Over 20 Percent Growth

Siddique Islam - AHN South Asia Correspondent

Karachi, Pakistan (AHN) - Pakistan received US$4.720 billion remittances in the nine months of fiscal 2007-08, officials said.

This was a 20.10 per cent rise over the amount sent by the Pakistanis working abroad in the same period of the previous fiscal. In July-March period of fiscal 200607, the country received remittance worth $3.930 billion.

The remittances were estimated at a record $602.2 million in March 2008, which is a record for the highest remittances during a month in the history of the country.

Syed Waseemuddin, spokesman of the State Bank of Pakistan, the country's central, told the Geo News that the remittances received during March is a record. Source

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