Monday, 15 December 2008

PAKISTAN: July-Nov remittances increase by 15 per cent

KARACHI, Dec 13: Remittances sent by the overseas Pakistanis continued to show a rising trend as an amount of $2,966.51 million was received in the first five months (July-November) of the current fiscal year 2008-09, showing an increase of $379.44 million or 14.67 per cent over the same period of the last fiscal year.

According to an SBP statement, the amount of $2,966.51 million includes $0.32 million received through encashment and profit earned on Foreign Exchange Bearer Certificates and Foreign Currency Bearer Certificates.

In November, an amount of $620.52 million was sent home by overseas Pakistanis which is the second-highest amount received in the current fiscal year. In July, an amount of $627.21 million was received as workers remittances. Read more

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