Trends - Overseas Pakistan - Business Recorder

Overseas Pakistan

Overseas workers' remittances up 27.4% MoM, clock in at $2.5bn in March

Inflow highest since August 2022, attributed to Ramadan factor
Cumulative figure for July to March 2022-23 stands at $20.527bn, 10.8% lower year-on-year

Updated 10 Apr, 2023 04:13pm

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

Markets

Remittances down 19% year-on-year, clock in at $2.04bn in December

Inflow declines for fourth successive month
Cumulative inflow during July-December 11.1% lower on yearly basis

Updated 13 Jan, 2023 09:02pm

Pakistan

Joint session of Parliament approves electoral reforms, NAB amendment bills

Earlier, President refused to sign the bills even after both the houses approved them

Updated 09 Jun, 2022 09:51pm

Pakistan

Voting rights for overseas Pakistanis have not been revoked: law minister

Azam Nazeer Tarar says government wants to give them representation in Senate and National Assembly

Published 27 May, 2022 03:24pm

Pakistan

Roshan Digital Account: cumulative inflows reach $3.16bn

SBP says inflow of $244mn recorded in December

Updated 05 Jan, 2022 06:26pm

Markets

Roshan Digital Account: Inflows climb above $2.9bn in November this year

State Bank of Pakistan says 299,676 accounts have been opened so far from across 175 countries

Updated 09 Dec, 2021 03:25pm

Pakistan

PM launches 'Sohni Dharti Remittance Programme', says will do more for overseas Pakistanis

Govt continues to encourage efforts of overseas Pakistanis through various initiatives, adds prime minister

Published 25 Nov, 2021 07:22pm

Markets

Roshan Digital Account: Inflows hit $2.68 billion, but pace slows down in October

Out of the overall deposit, 69% has been invested in Naya Pakistan Certificates, while a mere 1% has gone to the stock market

Updated 05 Nov, 2021 10:05pm

Pakistan

PM Imran directs appointment of 'facilitating officers' for overseas Pakistanis

Orders report in 21 days, appointment meant to streamline services being offered to non-resident Pakistanis

Published 03 Nov, 2021 04:48pm

Business & Finance

Roshan Digital Account: Full-year inflow clocks in at $2.11 billion

Pakistan attracts $245 million in August, taking cumulative amount to $2.114 billion

Published 08 Sep, 2021 12:57pm

Business & Finance

Pakistan's remittances reach historic high of $29.4 billion in FY21

Post 27% year-on-year increase with inflows dominated by remittances from Saudi Arabia, UAE, UK, and US

Updated 13 Jul, 2021 01:14pm

Business & Finance

Pakistan to launch soft loan scheme for Overseas Workers

Under the initiative, soft loans will be provided to the labourers and the overseas Pakistanis returning from foreign countries so that they could set up their own businesses.

Published 03 May, 2021 11:16am

Business & Finance

PM lauds Overseas Pakistanis as Deposits in RDAs cross $1bn mark

As per the State Bank of Pakistan (SBP), the increase comes on the back of an inflow of $ 194mn in April. Inflows have been accelerating every month since the RDA launch in September 2020.

Updated 24 Apr, 2021 02:30pm

Business & Finance

Govt expects Remittances to exceed $27bn this fiscal

Workers’ remittance sent by overseas Pakistanis rose by 26 percent during the first nine months of this fiscal year.
The share of remittances in the GDP has gone up to 10 percent.

Published 15 Apr, 2021 02:27pm

Business & Finance

Kuwait assures to increase Pakistani workforce presence

"He assured me of increased participation of Pakistani skilled workforce in various sectors in Kuwait in coming times,” tweeted Bukhari.

Published 20 Mar, 2021 02:00pm

Business & Finance

Workers Remittances see 'exceptional' growth of over 24pc in February

On a cumulative basis, remittances rose to an unprecedented $18.7bn during Jul-Feb FY21, up 24.1pc compared to the same period last year.

Updated 12 Mar, 2021 10:07am

Business & Finance

Baqir expects more milestones as Roshan Digital Accounts achieve $500mn target

“It is a great day for us as the State Bank of Pakistan (SBP) Roshan Digital Accounts have achieved the milestone of $500 million,” said Baqir in a ceremony on Thursday, while thanking the Prime Minister for the premier’s vision alongside lauding the Overseas Pakistanis as well.

Updated 18 Feb, 2021 12:51pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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