Updated on
Summary Foreign remittance to Pakistan reached a historic amount of $1,052.88 million in March.
This was 38 percent high as compared to last year. This is the first time in country’s history when worker’s remittances have crossed the $1 billion figure in a single month. The previous highest amount remitted in a single month by Pakistani workers was recorded in August 2010, when they sent home an amount of $ 933.06 million.The remittances received from all countries of the world showed an impressive growth during last month. In March 2011, remittances from Saudi Arabia, UAE, USA, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $259.00 million, $232.19 million, $192.79 million, $128.10 million, $108.62 million and $35.49 million respectively as compared to $193.91 million, $178.86 million, $144.50 million, $105.89 million, $64.71 million and $18.15 million in March 2010. Remittances received from Norway, Switzerland, Australia, Canada, Japan and other countries during March 2011 amounted to $96.69 million compared with $57.68 million in the same month last year.
