This shows an increase of dollars 709.63 million or 20.77 percent over the same period of the last fiscal year, says SBP statement here Monday.
This amount of 4,126.16 million dollars included 2.01 million dollars received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs).
The monthly average of remittances for the period July-February, 2007-08 comes out to 515.77 million dollars as compared to 427.07 million dollars during the corresponding period of the last fiscal year , registering an increase of 20.77 percent.
The inflow of remittances in the July-February 2007-08 period from USA, Saudi Arabia, United Arab Emirates , GCC countries including Bahrain, Kuwait, Qatar and Oman , and UK and EU countries amounted to 1,160.39 million dollars, 761.84 million dollars , 681.88 million dollars, 618.83 million dollars, 292.87 million dollars and 116.12 million dollars respectively as compared to 891.97 million dollars , 640.79 million dollars , 513.69 million dollars , 467.86 million dollars, 281.50 million dollars and 97.50 million dollars respectively in the July-February 2006-07 period.
The remittances received from Norway , Switzerland, Australia, Canada, Japan and other countries during the first eight months of the current fiscal year amounted to 492.22 million dollars against 521.67 million dollars in the same period last year.
During February 2008 , Pakistani workers remitted an amount of 502.76 million dollars , 45.58 million dollars or 9.97% more when compared to the amount of 457.18 million dollars remittances in February 2007.
The inflow of remittances into Pakistan from almost all countries of the world increased last month as compared to February 2007.
According to the break up , remittances from USA , Saudi Arabia , United Arab Emirates, GCC countries ( including Bahrain, Kuwait, Qatar and Oman ), and UK and EU countries amounted to 134.68 million dollars , 98.17 million dollars , 88.31 million dollars , 78.95 million dollars , 29.99 million dollars and 12.94 million dollars respectively as compared to the corresponding receipts from the respective countries during February 2007, i.e. 123.96 million dollars , 88.26 million dollars , 69.82 million dollars , 60.50 million dollars , 33.64 million dollars and 11.89 million dollars.
The remittances received from Norway , Switzerland, Australia, Canada , Japan and other countries during February 2008 amounted to 59.42 million dollars as compared to 68.96 million dollars during February 2007.