Updated :
Thursday May 10 , 2012 7:40:35 PM
Overseas Pakistanis remitted $10.877 billion during the first ten months ended April 30 depicting an impressive growth of over 20 percent or over $1830 million compared to just over $9 billion the same period of the last fiscal.
Remittances received from all countries of the world showed growth during the first ten months of the current fiscal year.
The inflow of remittances during July-April 2012 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $2,987.86 million, $2,386.26 million, $1,922.35 million, $1,263.67 million, $1,226.61 million and $304.59 million respectively compared with the inflow of $2,085.80 million, $2,091.33 million, $1,677.88 million, $990.92 million, $1,063.49 million and $290.77 million respectively in July-April 2011.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first ten months of the current fiscal year (July-April 2012) amounted to $785.65 million as against $846.36 million received in the first ten months of the last fiscal year (July- April 2011).
The monthly average remittances for July‐April 2012 period comes out to $1,087.70 million as compared to $904.66 million during the corresponding period of the last fiscal year, registering an increase of 20.23 percent.
Last month, an amount of $1,141.02 million was sent home by overseas Pakistanis, up by 10.73 percent, compared with $1,030.43 million received in the same month of 2011. Almost all of this growth in remittances during April, 2012 over the corresponding period of the last fiscal year was through banking channels.
Overseas Pakistanis remitted $10.877 billion during the first ten months ended April 30 depicting an impressive growth of over 20 percent or over $1830 million compared to just over $9 billion the same period of the last fiscal.
Remittances received from all countries of the world showed growth during the first ten months of the current fiscal year.
The inflow of remittances during July-April 2012 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $2,987.86 million, $2,386.26 million, $1,922.35 million, $1,263.67 million, $1,226.61 million and $304.59 million respectively compared with the inflow of $2,085.80 million, $2,091.33 million, $1,677.88 million, $990.92 million, $1,063.49 million and $290.77 million respectively in July-April 2011.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first ten months of the current fiscal year (July-April 2012) amounted to $785.65 million as against $846.36 million received in the first ten months of the last fiscal year (July- April 2011).
The monthly average remittances for July‐April 2012 period comes out to $1,087.70 million as compared to $904.66 million during the corresponding period of the last fiscal year, registering an increase of 20.23 percent.
Last month, an amount of $1,141.02 million was sent home by overseas Pakistanis, up by 10.73 percent, compared with $1,030.43 million received in the same month of 2011. Almost all of this growth in remittances during April, 2012 over the corresponding period of the last fiscal year was through banking channels.
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