Pakistan Overseas Remittances Rise to Record in Sept.

Oct. 10 (Bloomberg) -- Remittances from Pakistanis living overseas rose to a record $806.1 million in September as workers sent more money home from the U.A.E. and Saudi Arabia.

Transfers of funds rose by $145.7 million, or 22.1 percent, in the third month of the fiscal year that began July 1, the Karachi-based State Bank of Pakistan said today in an e-mailed statement.

Workers in the Emirates transferred $504 million, up from $312.2 million a year earlier. Pakistanis in Saudi Arabia sent home $430.75 million, up from $398 million, and Pakistanis in the U.S. transferred $498.7 million, compared with $499.5 million.

Remittances from overseas Pakistanis rose to a record $7.81 billion in the year ended June 30, according to the central bank. The government is appealing to its 8 million expatriates to help resuscitate an economy that has slumped after a seven-year boom.