Pakistan gets highest ever amount as workers' remittances
Wednesday, 18 July 2007
KARACHI, July 17 (APP): Pakistan received the highest ever amount of more than $ 5.493 billion as workers' remittances during the last fiscal year 2006-07.
According to the SBP here yesterday, never before in the history of Pakistan, the country received more than $ 4.6 billion as workers' remittances.
In the recently concluded fiscal year 2006-07, Pakistan received an amount of $ 5.494 billion as against over $ 4.600 billion in the year 2005-06, showing an increase of $ 893.53 million or 19.42 per cent.
The amount of $ 5,493.65 million includes $ 2.68 million which received through encashment and profit earned on foreign exchange bearer certificates (FEBCs) and foreign currency bearer certificates (FCBCs).
During last month (June 2007), Pakistani workers remitted an amount of $ 505.55 million, up $ 41.68 million or 9 per cent when compared with an amount of $ 463.87 million sent home in June 2006.
The monthly average remittances for the period July 2006 - June 2007 comes out to $ 457.80 million as compared to $ 383.34 million during the same corresponding period of the last fiscal year, registering an increase of 19.42 per cent.
According to the SBP here yesterday, never before in the history of Pakistan, the country received more than $ 4.6 billion as workers' remittances.
In the recently concluded fiscal year 2006-07, Pakistan received an amount of $ 5.494 billion as against over $ 4.600 billion in the year 2005-06, showing an increase of $ 893.53 million or 19.42 per cent.
The amount of $ 5,493.65 million includes $ 2.68 million which received through encashment and profit earned on foreign exchange bearer certificates (FEBCs) and foreign currency bearer certificates (FCBCs).
During last month (June 2007), Pakistani workers remitted an amount of $ 505.55 million, up $ 41.68 million or 9 per cent when compared with an amount of $ 463.87 million sent home in June 2006.
The monthly average remittances for the period July 2006 - June 2007 comes out to $ 457.80 million as compared to $ 383.34 million during the same corresponding period of the last fiscal year, registering an increase of 19.42 per cent.