IT and IT enabled services (ITes) export remittances have surged to $439.9 mn at a growth rate of 23.35 % over the first five months of FY 2019-20 (July-November), in comparison to $356.6mn during the same period in last year.
KARACHI: The overseas remittances to Pakistan have jumped 12.5 percent in the first five months of current fiscal year. Overseas Pakistanis sent $9.028 billion to Pakistan in first five months of the year around one billion dollar above from $8.021 bn in same period last year, the State Bank of Pakistan (SBP) said in a statement. The figures released by the central bank, on a monthly basis, remittances plunged by 19.6pc to $1.609bn in November, as compared to $2bn earlier in October. The tightening of illegal money…