Pakistan received an amount of $3,629.68 million from its foreign workers during the first ten months of the current fiscal year (July 2005 April, 2006) as against $3,451.51 million received in the corresponding period of the last fiscal year, says an official statement. This showed an increase of $178.17 million or 5.16 per cent. The amount of $3,629.68 million includes $10.81 million received through encashment and profit earned on Foreign Exchange Bearer Certificates (FEBCs) and Foreign Currency Bearer Certificates (FCBCs). Pakistani workers remitted $401.47 million during last month as against $401.00 million in April, 2005 depicting a slight increase of $0.47 million or 0.12 per cent. The inflow of remittances during the first ten months of the current fiscal year from USA, Saudi Arabia, UAE, GCC countries (including Bahrain, Kuwait, Qatar and Oman), UK and EU countries amounted to $994.78 million, $584.64 million, $555.84 million, $477.30 million, $346.40 million and $97.06 million respectively as compared to $1, 076.22 million, $506.22 million, $580.87 million, $425.95 million, $309.99 million and $83.25 million during the corresponding period of the last fiscal year. Remittances received from Canada, Australia, Norway, Switzerland, Japan and other countries during July 2005 – April 2006 amounted to $562.85 million as compared to $457.27 million in the corresponding period of the last fiscal year. The monthly average remittances for the period July, 2005-April, 2006 comes out to $362.97 million as compared to $345.15 million during the same period of the last fiscal year. The inflow of remittances into Pakistan from most countries of the world increased last month as compared to April, 2005. According to the break up, Pakistan received workers remittances during April, 2006 from USA ($101.24 million), Saudi Arabia ($69.05million), UAE ($64.59 million), GCC countries including Bahrain, Kuwait, Qatar and Oman ($47.98 million), UK ($41.05 million) and EU countries ($9.44 million) as compared to the corresponding receipts from the respective countries during the same month of the last fiscal year i.e. $121.04 million, $57.26 million, $73.04 million, $43.80 million, $39.61 million and $11.16 million. Remittances received from Canada, Australia, Norway, Switzerland, Japan and other countries during April, 2006 amounted to $68.00 million as compared to $47.7 million during the same month of the last fiscal year.
