Friday, 15 October 2010

Pakistan remittances grow by 13.5pc in first quarter

KARACHI: Remittances sent home by overseas Pakistanis registered a growth of 13.5 percent to reach $2.646 billion during the first quarter (July-September) of the current fiscal year, spokesman for the State Bank of Pakistan (SBP) said on Monday.

Syed Wasimuddin, Chief Spokesman, State Bank of Pakistan, said that the flow of remittances continued to show a rising trend as an increased amount of $314.8 million was received during the quarter against $2.331 billion during the same quarter last year. Read more

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