Daily Archives: June 11, 2013


Higher remittances by overseas Pakistanis

Overseas Pakistanis sent higher remittances that surpassed $12.7 billion in the first 11 months (July-May) of the current fiscal year 12-13. The high inflow of foreign exchange under this head enabled the country to adhere to IMF’s repayment schedule and neutralise partially the impact of growing trade imbalance.