Workers’ remittances rise

Karachi: Workers’ remittances have increased by 12.51% to $7.11 billion in first half of FY13 as compared to $6.32 billion in same period of last fiscal year, said SBP spokesman here Thursday. He said remittances received through banks $6,421 million 90%, through exchange companies $640 million 9% and through Pakistan Post $56 million 1%. Workers remit over $1.13 billion in December 2012 as against $1.08 billion in December 2011.