State Bank of Pakistan in a recent circular has indicated a rise of 6% in July 2010; in remittances from overseas Pakistanis to homeland as compare to the July 2009. The 6 percent increase is equivalent to about $46 million in dollar terms. This inflow is mainly from the Middle East, US, UK and other EU countries. Recently the State bank in collaboration with ministries of Finance and Overseas Pakistanis has taken numerous steps to facilitate the remittances through formal channels; which has resulted in increase in remittances to Pakistan.

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