KARACHI: The country has witnessed 15 per cent year-on-year growth in remittances from overseas Pakistanis to $11.75 billion during July to February as 11pc growth was recorded during the same period of 2013-14.
According to the State Bank of Pakistan (SBP), the handsome increase in remittances came despite all odds including terrorism, low economic growth and lesser attractions for the overseas Pakistanis.
The largest amount was sent from Saudi Arabia, which has increased by 20pc to $3.556 billion during the eight-month period.
However, the highest growth was witnessed from the United Arab Emirates as remittances from the region rose by over 30pc to $2.537 billion from $2.027 billion in the same period of last year. While remittances from the US increased by 2.7pc to $1.671 billion during July-Feb.
