KARACHI -(Dow Jones)- Pakistan received $933 million in remittances from overseas workers in August, the highest ever for a month, the central bank said Monday.
The previous high was $841.4 million in June.
In the July-August period--the first two months of the fiscal year which started July 1--remittances rose 13% from a year earlier to $1.72 billion, the State Bank of Pakistan said.
The central bank and the Ministry of Finance and the Ministry of Overseas Pakistanis have undertaken a joint initiative to facilitate the flow of remittances through formal channels rather than illegal methods.
-By Haris Zamir, contributing to Dow Jones Newswires; +91-11-43563311; anant.kala@dowjones.com
Source:
No comments:
Post a Comment