Lack lus­ter re­sponse from over­seas Pakistanis in send­ing re­mit­tances for dam fund

Daily Messenger - - Biz -

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.

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