Lack luster response from overseas Pakistanis in sending remittances for dam fund
ISLAMABAD: Oversees Pakistanis didn’t show a great cordiality in response to an appeal of Prime Minister Imran Khan of donations for construction of Diamer Bhasha Dam and Mohmand Dam as an increase of only 28 per cent has been witnessed in remittances inflows this month.
According to the statics issued by the State Bank of Pakistan , foreign remittances inflows have been increased only by 28 per cent after PM Imran Khan appealed to oversees Pakistanis to donate in funds for construction of dams that is very low from the expected figures.
On the other hand, in the first three months of the fiscal year, only 13 per cent hike has been reported in foreign remittances that is the lowest level for any country.
According to SBP, during the first three months of this fiscal year, 5419.51 million dollar remittances have been received against previous fiscal year remittances of 4790.01 million dollar during the same period.
During September 2018, remittances amounting
to1452.43 million dollars have been sent to Pakistan that were 28.70 percent less against month August 2018 and 12.25 percentmore than September 2017.
According to State Bank of Pakistan, During September 2018, Remittances worth 60.16 million dollar were sent by oversees Pakistanis in Kingdom of Saudi Arabia,
301.15 million dollar UAE,
231.21 million dollar from US, 203.08 million dollar from the Britain, 133.95 million dollar from Gulf States including Qatar, Oman, Kuwait while remittances amounting to 41.1 million dollar have been received from European Union countries.
On the other hand, during September 2018, overall remittances worth181.78 million dollars were received from Switzerland, Australia, Canada, Japan and other countries that is marginally more than September 2017.