Trends - home remittances - Business Recorder

home remittances

‘Cash and Code’ driving recovery

As expected, the current account is nearly balanced in the first quarter of the fiscal year. The story is...

Published 22 Oct, 2024 06:51am

Business & Finance

Sept CA posts $119m surplus

KARACHI: Pakistan’s external account continues to show positive momentum, recording a second consecutive current...

Published 22 Oct, 2024 06:33am

Editorials

Rise in home remittances

EDITORIAL: The State Bank of Pakistan website revealed a 39 percent rise in remittance inflows for the first quarter...

Published 14 Oct, 2024 07:00am

Pakistan

Pakistan’s remittance inflow stands at $2.85bn in September 2024, up 29% year-on-year

Amount marginally lower than in August 2024
During 3MFY25, remittances up nearly 39% YoY to $8.8 billion as compared to $6.3 billion in 3MFY24

Updated 09 Oct, 2024 10:51pm

Remittances: Two incentives available to banks and ECs now

KARACHI: To enhance the flow of home remittances, the State Bank of Pakistan (SBP) has revamped the incentive...

Updated 09 Oct, 2024 09:04am

BR Research

Current account roundup: 2MFY25

In August, the current account posted a marginal surplus of $75 million. The deficit for the July-August period...

Published 19 Sep, 2024 08:42am

BR Research

Remittances robust again

In August 2024, the country recorded a significant increase in remittances, reaching $2.94 billion, the year-on-year...

Published 11 Sep, 2024 09:11am

Markets

Pakistan’s remittance inflow stands at $2.9bn in August, up 40.5% year-on-year

On monthly basis, inflow down 2%

Updated 09 Sep, 2024 10:35pm

Remittance incentives revision will top ECC agenda today

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is scheduled to meet on Thursday (Aug 29) and...

Updated 29 Aug, 2024 08:59am

Pakistan

Buna-Raast connectivity project will make remittances more convenient, says PM Shehbaz

This is Pakistan’s first cross-border real-time payment system linkage

Updated 22 Aug, 2024 10:43pm

Business & Finance

July remittances grow 48pc to $3bn YoY

KARACHI: Workers’ remittances recorded an impressive growth of 48 percent in the first month of this fiscal year...

Updated 10 Aug, 2024 07:35am

Business & Finance

May 2024: country gets highest-ever remittances

KARACHI: Pakistan received highest-ever monthly inflows of home remittances amounted to $ 3.2 billion in the month ...

Published 08 Jun, 2024 07:00am

Business & Finance

March worker remittances record growth of 31pc MoM

KARACHI: Inflows of workers remittance recorded a healthy growth of 31 percent in March 2024 compared to February...

Updated 09 Apr, 2024 09:48am

BR Research

Remittance surge in Feb

Inflow of remittances witnessed a surge in February 2024 by 13 percent year-on-year – shows the latest data released...

Published 12 Mar, 2024 09:11am

Business & Finance

Jul-Feb remittances down 1.2pc to $18.1bn YoY

KARACHI: The country received home remittances amounted to $ 18.1 billion during the first eight months of this...

Published 09 Mar, 2024 04:59am

BR Research

Current account roundup: 7MFY24

The current account posted a deficit of $269 million in Jan 2024 against a surplus of $404 million during Dec 2023....

Published 20 Feb, 2024 08:45am

BR Research

Remittances amid higher emigration

Remittances to Pakistan for January 2024 were seen rising by 26 percent year-on-year and by less than a percent...

Published 13 Feb, 2024 09:07am

Business & Finance

Jan remittances up 0.6pc to $2.397bn MoM

KARACHI: The country received worker’s remittance inflows of $ 2.4 billion during January 2024. The State Bank of...

Published 13 Feb, 2024 05:59am

Business & Finance

Jul-Nov remittances down 10pc to $11.045bn YoY

KARACHI: Inflows of worker’s remittances posted a decline of over 10 percent during the first five months of this...

Published 09 Dec, 2023 05:46am

SBP expects increase in home remittances

KARACHI: With a significant increase in the labour migration, the State Bank of Pakistan (SBP) is expecting...

Updated 25 Oct, 2023 08:42am

Business & Finance

July-August remittances post big fall

Pakistan receives workers’ remittances amounting to $ 4.12 billion in July-Aug of FY24

Updated 12 Sep, 2023 09:58am

Six incentive schemes of SBP: ECC approves proposal of changes in contours

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the State Bank of Pakistan (SBP)’s...

Updated 08 Aug, 2023 08:43am

Business & Finance

Feb workers’ remittances post 5pc growth MoM

KARACHI: Workers’ remittances posted 5 percent growth during February compared to January as cap on exchange rate...

Published 11 Mar, 2023 03:16am

Business & Finance

Jul-Dec remittances fall 11pc to $14.1bn YoY

KARACHI: Inflows of home remittances recorded a decline of 11 percent during the first half of this fiscal year...

Published 14 Jan, 2023 06:22am

TT charges against home remittances: Process of reimbursement streamlined

KARACHI: The State Bank of Pakistan (SBP) has further streamline the process of reimbursement of TT charges against...

Updated 06 Jan, 2023 09:03am

DPC unveils 2nd annual report: 98pc of bank depositors eligible for deposit protection

KARACHI: Some 98 percent of total depositors of banking sector are eligible for their deposit’s protection in case...

Updated 24 Dec, 2022 10:09am

FY22: Over $31bn record remittances received

Home remittances improved 6.1% during last fiscal year

Updated 19 Jul, 2022 10:32am

Jul-Jan FY22L: Record $18bn remittance inflows received by country

KARACHI: Pakistan received record $18 billion inflows of home remittances during the first seven months of this...

Updated 12 Feb, 2022 10:16am

Re1 for each USD surrender: SBP’s incentive scheme for ECs goes into effect

KARACHI: The State Bank of Pakistan (SBP) has introduced new incentive scheme for the Exchange Companies, under ...

Updated 05 Feb, 2022 09:35am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

home remittances

Most Popular