Wednesday, November 12, 2008By our correspondentKARACHI: Remittances sent home by overseas Pakistanis continued to show a rising trend as $2.34 billion was received in the first four months (July-October) of the current fiscal year 2008-09, showing an increase of $264.5 million or 12.71 per cent over the same period of last year.
The amount of $2.34bn includes $0.16 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs). Monthly average of remittances for the period comes to $586.50m as compared to $520.37m during the same period of the last fiscal year, registering a surge of 12.71 per cent.
For more on this article, please click on the following link: Remittances rise to $2.34bn: The News
Showing posts with label Foreign Exchange Bearer Certificates (FEBCs). Show all posts
Showing posts with label Foreign Exchange Bearer Certificates (FEBCs). Show all posts
Wednesday, November 12, 2008
Remittances rise to $2.34bn: The News
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