Monday, 18 January 2010

PAKISTAN: Remittances up 24pc

KARACHI - Remittances sent home by overseas Pakistanis continued to show a rising trend as an amount of $4,531.08 million was received in the first half (July-December) of the current fiscal year 2009-10, showing an increase of $891.07m or 24.48 percent over the same period of the last fiscal year. The amount of $4,531.08m includes $0.99m received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs).
In December 2009, an amount of $698.44m was sent home by overseas Pakistanis, up 3.70 percent or $24.94m, when compared with $673.50m received in the same month last year.

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