$6 billion remitted in eleven months: Dawn

KARACHI, June 16: Overseas Pakistanis remitted about $6 billion during the first eleven months (July-May) of the current fiscal year, showing an increase of 18.3 per cent over the same period last year.

The State Bank of Pakistan on Monday reported that remittances surged by $915.7 million at $5.903 billion during the period under review.

The monthly average remittances for the period came to $536.71 million as compared to $453.46 million in the corresponding period last year.

Pakistani workers remitted $584.75 million in May 2008, up $46.77 million or 8.69 per cent over $537.98 million sent in May 2007.

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