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Business

Rise in remittances continue

by Manzar TurkJuly 19, 2011
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Islamabad: Increase in remittances and exports are continuing resulting in swelling of profit of running accounts.

The State Bank reported an increase of $ 50.20 million in running accounts during the month of June 2011. the exports during this period amounted to $25.48 billion. While the  imports stood at $35.63 billion.

The trade deficit in the last year had been $10 .70 billion with the deficit in services being $2.13 billion. Due to $ 15.80 billion in current transfers, the running accounts remains in surplus.

Rise in remittances continue
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Manzar Turk

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