KARACHI: Overseas Pak­is­­tanis kept increasing their remittances this fiscal year 2014-15 with a growth rate of over 12 per cent.

The State Bank said on Wednesday that Pakis­tanis remitted $2.978 billion in first two months (July-Aug) of current fiscal year (FY15) as compared to $2.644bn of the corresponding period last year, an increase of 12.6pc.

Know more: Remittances rose to $1.65bn in July

During FY14, the remittances increased by 13.72pc to $15.832bn as compared to $13.92bn during FY13.

The country’s reliance on remittances has been increa­sing since the exports have failed to meet the size of the imports.

Published in Dawn, September 11th, 2014