Overseas Pakistanis send $6.4b in five months

[Edevelop]

KARACHI: Overseas Pakistani workers sent home $6.407 billion in the first five months (July-November) of the current fiscal year 2013-14, a growth of 7.10% compared with $5.982 billion remitted in the same period of last year.

According to data released by the State Bank of Pakistan (SBP) here on Tuesday, the inflow of remittances from Saudi Arabia, UAE, USA, UK, other GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU states stood at $1.794 billion, $1.297 billion, $1.026 billion, $962.76 million, $732.64 million and $179.14 million respectively.

In comparison, the inflows were $1.609 billion, $1.241 billion, $993.57 million, $845.86 million, $676.69 million and $161.16 million respectively in July-November 2012-13.

Remittances from Norway, Switzerland, Australia, Canada, Japan and other countries in the first five months of the current fiscal year amounted to $415.37 million against $454.69 million in the same period last year.

In November alone, Pakistanis in Saudi Arabia, UAE, USA, UK, other GCC countries and EU states sent home $334.10 million, $236.29 million, $175.82 million, $155.13 million, $128.18 million and $29.84 million respectively.

In November last year, the inflows were $300.84 million, $193.79 million, $152.29 million, $148.53 million, $117.18 million and $26.63 million respectively.

Remittances received from other countries in November amounted to $71.76 million

Overseas Pakistanis send $6.4b in five months – The Express Tribune

 

[Armstrong]

Good Job !

Now send more....please !

And no I'm not going to get off my bum & work - I'd instead emotionally blackmail you for more money !

Khair on a serious note - I wonder if we can make better use of this money by for example having some scheme that for every $100 that you send home $1 of it would be invested in the shares of blue-chip companies by some Investment Body of Pakistan (modeled around the Chinese one that manages these things) or maybe for every $100 you send back home 50 cents off it would be added to a collective Health Insurance Policy for Overseas Pakistanis managed by a reputable firm whilst the remaining 50 cents would be added to its sister organization in Pakistan for Local Pakistanis !

 

[Counter-Errorist]

Hasn't the PKR depreciated by around 7% this fiscal year so far?

pkr to usd–Wolfram|Alpha Clip 'n Share

 

[tarrar]

Oversease Pakistanis should be given priority & Govt. needs to make sure that oversease Pakistanis don't face any problems as they send Billions of dollars home which helps the economy of Pakistan.