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inflow of remittances

Remittances from overseas Pakistanis register healthy growth

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…