PAKISTAN: Remittances rise by 15pc to $2.967b during July-Nov FY09

Source: OUR STAFF REPORTER submitted 1 day 4 hours ago

The inflow of remittances in the July-November, 2008 period from USA, Saudi Arabia, UAE, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $767.12 million, $600.25 million, $534.25 million, $496.21 million, $188.95 million and $81.02 million respectively as compared to $733.76 million, $481.81 million, $423.00 million, $380.00 million, $197.41 million and $76.09 million respectively in the July-November, 2007 period. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first five months of the current fiscal year 2008-09 amounted to $298.39m as against $294.03m in the same period last year.
The monthly average remittances for the period July-November, 2008 comes out to $593.30 million as compared to $517.41 million during the same corresponding period of the last fiscal year, registering an increase of 14.67 percent.
During last month i.e. November 2008 remittances from UAE, USA, Saudi Arabia, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $146.16 million, $140.19 million, $105.45 million, $100.74 million, $39.18 million and $15.87 million respectively during November, 2008 as compared to $88.18 million, $142.95 million, $90.90 million, $77.86 million, $32.91 million and $15.41m in November 2007. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during November 2008 amounted to $72.77m.

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