Overseas Pakistanis remit over $55b in five years

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Overseas Pakistanis have remitted more than $55 billion to the country to support their families during the last five years. An amount of $13.92 billion was remitted during July 2012 to June 2013 which showed a growth of 5.56 percent as compared with $13.18 billion received during previous fiscal year. According to the Ministry of Overseas Pakistanis on Monday, the size of precious foreign exchange, being remitted by overseas Pakistanis, is showing increasing trend with the each passing year and has touched $13.92 billion mark in year 2012-13 from $7.81 billion in 2008-09. In fiscal year 2009-10, the remitted amount was $8.9 billion and it reached $11.2 billion in 2010-11 and $13.18 billion in 2011-12. It said no separate data regarding volume or portion of remittances is maintained.

1 COMMENT

  1. Mr Dar. Can you kindly provide a link to the reference document in which the State Bank has quoted these?

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