Remittances rise 13. 5pc..

KARACHI: Remittances from overseas Pakistanis continued to show a rising trend as an amount of dollars 2,646. 30 million was received in the first quarter (July-September) of the current fiscal year; showing an increase of dollars 314. 8 million or 13. 50 percent over the same period of the last fiscal year.

According to a statement issued by State Bank of Pakistan (SBP) here on Monday, the inflow of remittances in July-September, 2010 period from UAE, Saudi Arabia, USA, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $621. 28 million, $576. 32 million, $511. 93 million, $312. 73 million, $296. 89 million and $84. 64 million respectively as compared to $504. 01 million, $430. 75 million, $498. 76 million, $323. 87 million, $235. 08 million and $78. 27 million respectively in July-September 2009. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during the first three months of the current fiscal year amounted to $242. 52 million as against $ 260. 02 million in the same period last year.The monthly average remittances for the July-September 2010 period comes out to $882. 10 million as compared to $777. 17 million during the same corresponding period of the last fiscal year, registering an increase of 13. 5 percent. In September 2010, an amount of $922. 06 million was sent home by overseas Pakistanis, up 14. 38 percent or $115. 94 million, when compared with $806. 12 million received in the same month last year. During last month, remittances from UAE, USA, Saudi Arabia, UK GCC countries (including Bahrain, Kuwait, Qatar and Oman), and EU countries amounted to $231. 70 million, $181. 24 million, $175. 82 million, $103. 03 million, $102. 94 million and $31. 66 million respectively as compared to $179. 84 million, $181. 82 million, $134. 31 million, $86. 59 million, $112. 39 million and $26. 15 million in September 2009. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during September 2010 amounted to $95. 66 million compared with $ 84. 94 million in the same month last year.

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