Tuesday, June 18, 2019

Remittance inflow up by 20 per cent

The remittance inflow has increased by around 20 per cent, though the number of youth leaving for foreign job has been decreasing.
According to central bank, remittance has increased by 19.6 per cent to Rs 725 billion in the ten months of the current fiscal year. “The remittance inflow has increased by 7 per cent compared to the same period of the last fiscal year,” the report reads, adding that the outflow of the youth for foreign employment has, however, declined by 36.6 per cent in the last ten months. “The out flux was declined by six per cent compared to the 10 months in the last fiscal year.”

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