Wednesday, May 11, 2011

Remittances worth $1.03b received in April

Overseas Pakistanis remitted $1.03 billion in April 2011, the second consecutive month that the figure has crossed the mark of $1 billion, data released by the State Bank of Pakistan showed.

Remittances sent home by expatriate Pakistani workers have already crossed the $9 billion target set for FY11 as they have reached $9.05 billion in the first 10 months (July-April), showing an increase of $1.74 billion or 23.81 per cent compared with $7.31 billion received in the same period last year.

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