Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
$7.811 billion remittances received in fiscal year 2009
07-11-2009, 07:26 AM
Post: #1
$7.811 billion remittances received in fiscal year 2009
RECORDER REPORT
KARACHI (July 11 2009): The country received the highest amount of $7.811 billion as remittances in fiscal year 2008-09 (FY09) against $6.451 billion of FY08, showing an increase of $1.36 billion, or 21.08 percent. According to State Bank of Pakistan (SBP), the amount of $7.811 billion includes $0.48 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs).

The monthly average remittances in the period from July 2008 to June 2009 come out to $650.95 million as compared to $537.60 million in previous fiscal year, registering an increase of 21.08 percent.

The inflow of remittances in the July 2008 to June 2009 period from USA, UAE, Saudi Arabia, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $1,735.87 million, $1,688.59 million, $1,559.56 million, $1,202.65 million, $605.69 million and $247.66 million respectively, as compared to $1,762.03 million, $1,090.30 million, $1,251.32 million, $983.39 million, $458.87 million and $176.64 million respectively, in the July 2007 to June 2008 period.

Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during FY09 amounted to $771.03 million as against $726.29 million in FY08. During the last month (June 2009), Pakistani workers remitted an amount of $735.17 million, up $187.76 million or 34.30 percent when compared with an amount of $547.41 million sent home in June 2008.

The amount remitted in June 2009 is the second-highest received in a single month after $739.43 million sent home in March 2009. The inflow of remittances into Pakistan from most of the countries of the world increased last month as compared to June, 2008.

According to the break up, remittances from UAE, USA, Saudi Arabia, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $164.70 million, $154.39 million, $152.33 million, $108.11 million, $68.48 million and $22.95 million respectively, as compared to corresponding receipts from the respective countries during June, 2008 ie $88.29 million, $143.57 million, $123.67 million, $90.98 million, $38.08 million and $13.98 million. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during June, 2009 amounted to $64.19 million compared to $48.80 million during June, 2008.

http://www.brecorder.com/index.php?id=93...=&supDate=
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Pakistan’s economy to recover modestly to 1.9% in fiscal year 2024 LRE-Azan 0 287 09-20-2023 07:24 PM
Last Post: LRE-Azan
  CDA proposes Rs26b budget for next fiscal year Salman 0 3,449 05-21-2012 01:12 PM
Last Post: Salman
  Remittances increase phenomenally during 1st quarter of current fiscal Lahore_Real_Estate 0 3,646 10-11-2011 11:35 AM
Last Post: Lahore_Real_Estate
  Hajj policy 2011 announced, applications to be received from April 15 Lahore_Real_Estate 0 4,621 04-14-2011 11:32 AM
Last Post: Lahore_Real_Estate
  Reko Diq: $ 40 Billion Earning Out of $ 500 Billion Reserves! LRE 1 7,492 06-30-2010 07:53 PM
Last Post: LRE
  Overseas remittances over $8 billion in ten months, may cross $9.5 billion for year Naveed Yaseen 0 4,716 06-10-2010 11:13 PM
Last Post: Naveed Yaseen
  Immovable property: CVT to be halved in fiscal year 2011 Lahore_Real_Estate 0 3,795 05-24-2010 01:17 PM
Last Post: Lahore_Real_Estate
  Remittances rise by 21% in first 7 months of FY10 LahoreEstate 0 3,220 02-11-2010 07:43 AM
Last Post: LahoreEstate
  House Building Finance Corporation Limited (HBFC) makes record recovery in 2009 LahoreEstate 0 4,618 02-04-2010 08:36 AM
Last Post: LahoreEstate
  Indians top buyers of Dubai property in 2009 Lahore_Real_Estate 0 3,625 02-03-2010 01:15 PM
Last Post: Lahore_Real_Estate
  Banking spreads rose 19 bps to 7.47% in 2009 LahoreEstate 0 3,665 02-03-2010 09:16 AM
Last Post: LahoreEstate
  National Savings’ investmen records Rs 115 billion investment in first half 2009-10 LahoreEstate 0 3,740 02-03-2010 09:15 AM
Last Post: LahoreEstate
  CDA firefighters tackled 981 fires in 2009 LahoreEstate 0 3,110 01-14-2010 08:48 AM
Last Post: LahoreEstate
  2009 Year in Review Lahore_Real_Estate 0 5,020 12-31-2009 01:22 PM
Last Post: Lahore_Real_Estate
  July-October remittances cross $3 billion LahoreEstate 0 3,223 11-12-2009 07:57 AM
Last Post: LahoreEstate
  Kuwait's half-year income surpasses full-year target Naveed Yaseen 0 4,262 11-10-2009 10:45 AM
Last Post: Naveed Yaseen
  'Punjab Katchi Abadis Bill 2009' tabled in violation of rules Naveed Yaseen 0 4,011 11-09-2009 09:48 AM
Last Post: Naveed Yaseen
  Rs400m received for OPF housing scheme: Farooq LahoreEstate 0 3,136 11-08-2009 06:24 AM
Last Post: LahoreEstate
  Karachi: DHA Executive Board approves Rs 6.6 billion budget for 2009-10 Naveed Yaseen 0 3,500 11-03-2009 06:23 AM
Last Post: Naveed Yaseen
  KESC’s T&D losses up by 3.76pc for July-Sept 2009 Naveed Yaseen 0 4,423 11-01-2009 06:29 AM
Last Post: Naveed Yaseen

Forum Jump:


User(s) browsing this thread: 1 Guest(s)