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Voting rights for overseas Pakistanis have not been revoked: law minister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 / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Cotton US¢/pound / Dec 24	69.13
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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