Abb Takk News

Foreign remittances up 16% in 8 months of current fiscal year

KARACHI: Overseas Pakistani workers has remitted $11,750.50 millions in last eight months (July to February) of current fiscal year 2015. The remittance has increased up to 16 percent.

According to the statistics issued by State Bank of Pakistan, during February 2015,the inflow of worker’s remittances stood at $1,391.69 million, which is 1.06% higher than January 2015 and 15.04% higher than February 2014.

The statement further stated that overseas Pakistanis remitted more than $11,750 millions during first eight months of current fiscal year showing an impressive growth of 14.6 percent compared with $10,248.17 million received during the same period of last fiscal year.