So much for instability post-march 2007, it’s never been a better time for Foreign Direct Investment coming into Pakistan. The Business Recorder reports that remittances during October 2007 reached a high of $580.34M. That’s a 41% jump from the same period last year!!
As we mentioned earlier, all the pre-election noise is just that. Noise. And come Q1/Q2 2008 those who aren’t voraciously buying up every stock they can find on the KSE will regret it. With so many amazing opportunities to get into the market, the time is NOW!
Turn the page to read an extract from the BR story.
Remittances swell to $580.24 million in October
KARACHI (November 18, 2007): Remittances sent home by overseas Pakistanis reached a record level of $580.24 million in October, 2007 as against $410.61 million in the same month last year, showing a jump of $169.63 million or 41.31%. The previous highest amount remitted in a single month was recorded in May 2007, when an amount of $537.98 million was received in the country.