KARACHI - Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $1,879.86 million was received in the first quarter (July-September, 2008) of the current fiscal year 2008-09, showing an increase of $378.61 million or 25.22 percent over the same period of the last fiscal year. The amount of $1,879.86 million includes $0.11 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs).
During last month (September, 2008), Pakistani workers remitted a record amount of $660.35 million, up $144.3 million or 27.96% when compared with an amount of $516.05 million sent home in September 2007. [Read more]
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