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| July 22, 2002 | Monday | Jamadi-ul-Awwal 11,1423 |
Remittances from Kuwait increase
KUWAIT CITY, July 21: Remittances from Pakistanis living here have doubled during the last fiscal year (2001-02) that ended last month.
The remittances, according to the figures available to Dawn, have reached $90 millions against $45 million of 2000-01.
The increase was noticed after the events of Sept 11, as many Pakistanis turned to the legal banking system owing to the fear of US-led-world-wide probe into money laundering.
The economic analysts stated that if the figure kept on going, it may reached to $120 million in 2002-03, which would be a record.
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