Pakistan Overseas Remittances decline and Trade Deficit rise
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State Bank of Pakistan has revealed the statistics for the first 6 months of the current fiscal year.
Overseas Pakistani remittances decline in FY 2016
Overseas Pakistani remittances during the first five months of the current fiscal year stood at $7874.49 million (from July 1, 2016 to the end of November 2016).
The government expects to achieve remittance target of $20 billion during the current year.
Overseas Pakistani remittances in FY 2017
Meanwhile, there has been decline in merchandise trade as the deficit in first five months of the current fiscal year rose nearly 20 per cent year-on-year to $11.775 billion compared to the corresponding period of last year.
