Remittances worth $1.00265 billion were received during the first quarter of the current fiscal year (July-September, 2005) as against $983.15 million received in the corresponding period of last year registering an increase of $19.50 million, or 1.98 percent.
The amount of $1,002.65 million includes $6.17 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs).
During September 2005, Pakistani workers remitted $341.10 million as against $312.94 million in September 2004 depicting an increase of $28.16 million or 9 percent.
The remittances in September 2005 from USA were $94.40 million, Saudi Arabia $54.76 million, UAE $48.70 million, GCC countries including Bahrain, Kuwait, Qatar and Oman $45.30 million, UK $38.57 million and EU countries $9.70 million.
Remittances received from Canada, Australia, Norway, Switzerland, Japan and other countries during July-September 2005 amounted to $48.5 million as compared to $42.31 million of last fiscal year.
The monthly average remittances for July-September 2005 come to $334.22 million as compared to $327.72 million of last fiscal year, depicting an increase of $6.50 million, or 1.98 percent.
The inflow of remittances during the first quarter from USA, Saudia Arabia, UAE, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK, EU countries amounted to $283.33 million, $174.32 million, $141.72 million, $130.79 million, $110.96 million and $26.85 million, respectively, as compared to $313.81 million, $158.52 million, $161.13 million, $124.75 million, $74.82 million and $24.36 million, respectively, of last year.
Remittances received from Canada, Australia, Norway, Switzerland, Japan and other countries during the first quarter amounted to $128.51 million as compared to $124.14 million in the corresponding quarter of the last fiscal year.
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