Overseas Pakistanis send $ 55.01bn in last five years

By: Shoaib-ur-Rehman Siddiqui

The overseas Pakistan had sent US $ 55.01 billion from the financial year 2008-09 to 2012-13, said Ministry of Overseas Pakistanis and Human Resource Development.

According to the ministry’s document, the remittances had shown a growth ratio of 5.56 percent during the financial year 2012-13 as compared with 2011-12.

Read more

Zimbabwe: Diaspora remittances in decline

Remittances by Zimbabweans in the Diaspora sent through money transfer agencies and formal banking channels declined by 15 percent last year to $1.8 billion, the country’s central bank has announced.

Zimbabwe has a strong skilled and non-skilled diaspora population mainly in South Africa, the United Kingdom, Canada, Australia and the United States who regularly send money back home to sustain their families.

Read more