KARACHI, May 29: Home remittances showed an impressive increase of 89.61 per cent to $3.536 billion during July-April period of 2002-03 against $1.865 billion during the same period last year.

The amount includes cash flows, encashment of FEBCs and FCBCs, Hajj remittances and remittances from Iraq-Kuwait war affectees.

Out of the total remittances received in the country during July-April 2002-03, workers’ remittances contributed $3.407 billion as against $1.778 billion during the corresponding period last year, showing an increase of 91.58 per cent.

The total amounted remitted in April, 2003 was $306.85 million as compared to $238.79 million the same month last year, posting an increase of 28.50 per cent.—APP