BUSINESS Remittances surge 2.27 pct to 6.4 bln USD for 4 months in Pakistan

BUSINESS

Remittances surge 2.27 pct to 6.4 bln USD for 4 months in Pakistan

By Jawad Hussain | Xinhua

15:47, November 10, 2017

FireShot Capture 8 - State Bank of Pakistan - http___www.sbp.org.pk_.png

ISLAMABAD, November 10 -- The State Bank of Pakistan has said that the Overseas Pakistanis sent home remittances worth 6.44 billion U.S. dollars during first four months of the Financial Year 2018 (4MFY18).
  The central bank said in a statement on Thursday that the remittances improved 2.27 percent for 4MFY18 as against 6.30 billion U.S. dollars reported during the same period of last year.
  During the month of October this year, the Overseas Pakistanis' inflows surged by 27.87 percent to 1.65 billion U.S. dollars when compared with September 2017 and mounted by 5.99 percent as against October last year.
  Pakistanis living and working in Saudi Arabia contributed the most with remittances worth 461.07 million U.S. dollars during October 2017.

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