Overseas Pakistani's are sending billions of dollars of remittances in ust a quarter of time frame in this bad time....& USA is offering just 1.5 billion & that even on unacceptable conditions..Isn't it shameful for USA & our leaders if they accept KL Bill ???
$806m in Sept
Overseas workers remit record
$806m in Sept By our correspondent
Sunday, October 11, 2009
KARACHI: Pakistani workers living abroad sent home record remittances of $806.12 million in September, a 22 per cent increase over last year, which took the first quarter 2009-10 figures to $2.33 billion, the State Bank of Pakistan (SBP) said on Saturday.
This is the third consecutive record amount remitted in a single month during the current fiscal year. The previous highest amount remitted in a single month by Pakistani workers was recorded in August 2009, when $780.53m was received, it added.
During the first July-Sept quarter, an amount of $2.332 billion was sent home by overseas Pakistanis, showing an impressive 24 per cent rise when compared with $1.88bn received in the same period last year.
The monthly average of remittances in the first quarter remained at $777.17 million, up 24 per cent from $626.62 million in the same quarter last year.
The inflow of remittances in the July-September 2009 period from UAE, USA, Saudi Arabia, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $504.01m, $498.76m, $430.75m, $323.87m, $235.08m and $78.27m respectively as compared to $312.18m, $499.65m, $398.02m, $315.37m, $118.57m and $51.78m respectively in the same quarter of 2008.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries amounted to $260.02m as against $184.18m in the same period last year.
The inflow of remittances into Pakistan from almost all countries of the world increased last month as compared to September, 2008. The SBP insists that its Pakistan Remittance Initiative (PRI), which was launched recently to bring remittances into the formal loop, has started to show result.
But there are no credible data available to substantiate that claim. Pakistanis living abroad sent home record $7.811 billion during financial year 2008-09, beating the previous annual high of $6.451bn transferred a year before. Remittances have become lifeline for the economy at a time when the countrys reliance on international lenders has increased to meet its foreign debt liabilities.
$806m in Sept
Overseas workers remit record
$806m in Sept By our correspondent
Sunday, October 11, 2009
KARACHI: Pakistani workers living abroad sent home record remittances of $806.12 million in September, a 22 per cent increase over last year, which took the first quarter 2009-10 figures to $2.33 billion, the State Bank of Pakistan (SBP) said on Saturday.
This is the third consecutive record amount remitted in a single month during the current fiscal year. The previous highest amount remitted in a single month by Pakistani workers was recorded in August 2009, when $780.53m was received, it added.
During the first July-Sept quarter, an amount of $2.332 billion was sent home by overseas Pakistanis, showing an impressive 24 per cent rise when compared with $1.88bn received in the same period last year.
The monthly average of remittances in the first quarter remained at $777.17 million, up 24 per cent from $626.62 million in the same quarter last year.
The inflow of remittances in the July-September 2009 period from UAE, USA, Saudi Arabia, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $504.01m, $498.76m, $430.75m, $323.87m, $235.08m and $78.27m respectively as compared to $312.18m, $499.65m, $398.02m, $315.37m, $118.57m and $51.78m respectively in the same quarter of 2008.
Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries amounted to $260.02m as against $184.18m in the same period last year.
The inflow of remittances into Pakistan from almost all countries of the world increased last month as compared to September, 2008. The SBP insists that its Pakistan Remittance Initiative (PRI), which was launched recently to bring remittances into the formal loop, has started to show result.
But there are no credible data available to substantiate that claim. Pakistanis living abroad sent home record $7.811 billion during financial year 2008-09, beating the previous annual high of $6.451bn transferred a year before. Remittances have become lifeline for the economy at a time when the countrys reliance on international lenders has increased to meet its foreign debt liabilities.
