KARACHI: Pakistanis living overseas remitted an amount of $2978.10 million in July and August 2014 of the current fiscal year, showing an impressive growth of 12.61 percent against $2644.53 million received during the corresponding period of last FY14.
The inflow of remittances during August 2014 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and EU countries amounted to $396.90 million, $284.90 million, $199.01 million, $172.71 million, $152.17 million and $33.14 million respectively compared with the inflow of $321.86 million, $256.01 million, $217.87 million, $198.53 million, $134.46 million and $36.75 million respectively in August 2013. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the last month amounted to $89.88 million as against $74.66 million received in the same month of the last FY14.
Inflation in Pakistan continues to surge
ISLAMABAD: Inflation in Pakistan continues to surge amid rising tensions in the Middle East, with the weekly inflation rate increasing...
