Pakistan received over $6 billion as remittances in the first four months of the current fiscal year, the State Bank reported yesterday.
The rising trend of the remittances persists for the last four months with an increase of 15 per cent compared to the same period of last year.
The State Bank reported yesterday that the remittance rose to $6.077bn during July-Oct compared to $5.275bn, about $802 million higher than the previous year.
The rising remittances have been a great source of encouragement for the government but the dependency is also increasing on a vulnerable source of foreign exchange.
