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Wednesday, March 10, 2010

Remittances decline 8.2 pc in February

Remittances decline 8.2 pc in February KARACHI: In February, overseas Pakistanis sent home $588.8 million, down 8.2% from a year earlier, the State Bank of Pakistan (SBP) said in a statement Wednesday.

Pakistanis living overseas sent home about $5.78 billion in the July-February period, up nearly 18% from a year earlier, the statement said.

The monthly average remittances for the July-February period rose to $723.3 million from $614.8 million, the central bank said.

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