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remittance

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

Markets

Pakistan receives record remittances of $3.24bn in May, up over 54% YoY

Inflows from Saudi Arabia, UAE, UK dominate overall amount

Updated 07 Jun, 2024 09:36pm

BR Research

Profit and dividend repatriation in 10MFY24

Profit and dividend repatriation on FDI during 10MFY24 has exceeded the FY23 annual tally by three times already....

Published 05 Jun, 2024 06:40am

Business & Finance

HBL recognised as leading remittance mobilizing bank of Pakistan

KARACHI: HBL has been recognised by the Pakistan Remittance Initiative (PRI) as the “Leading Remittance Mobilizing...

Published 12 Dec, 2023 05:28am

For increasing remittance inflows: SBP ups cash incentives for banks, MFBs and ECs

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced increase in the financial incentives for banks,...

Updated 22 Sep, 2023 09:37am

Incentives, innovative services: Remittance inflows from GCC states may soar to $20bn: experts

KARACHI: The remittance inflows can be increased by more than $5 billion to $20 billion to Pakistan through the...

Updated 21 Jul, 2023 09:25am

Markets

Pakistan reports 4th successive monthly current account surplus in June

Current account deficit shrinks 85.4% to $2.56bn in FY23
Development driven mainly by import restrictions due to dollar shortage

Updated 18 Jul, 2023 04:34pm

Editorials

Give with one hand and take away with the other

EDITORIAL: Prime Minister Shehbaz Sharif, while addressing the distribution ceremony of the Prime Minister’s Youth...

Published 18 Jul, 2023 05:51am

Editorials

IMF’s approach is a bit out of the ordinary

EDITORIAL: The much hyped attempt by the International Monetary Fund (IMF) team to seek a consensus on the ...

Published 11 Jul, 2023 06:08am

Business & Finance

Remittance inflows to Pakistan: Bank AL Habib teams up with ACE Money Transfer

KARACHI: Remittance is a significant source of foreign reserves for Pakistan, and any decline in its volume can...

Updated 07 Jun, 2023 07:13pm

Business & Finance

Inflation perception survey: Rising price hike linked to political instability

ISLAMABAD: An overwhelming majority of 71 per cent of the country has reckoned political instability as the major...

Published 15 Apr, 2023 06:19am

Markets

Govt projection of achieving $3bn current account surplus in FY23 ‘unrealistic’: PBC

The Ministry of Finance's prediction of achieving a surplus current account by the end of the ongoing fiscal year...

Published 06 Feb, 2023 03:22pm

Markets

Analysts weigh in: rupee’s latest depreciation has wider implications, outcomes

Experts believe LC issue will be resolved, inflation along with remittances to increase in short term

Updated 27 Jan, 2023 07:04pm

Business & Finance

Freight forwarders/consolidators: Forex manual for remittance of freight charges amended

KARACHI: The State Bank of Pakistan (SBP) has amended the Foreign Exchange Manual (FEM) for remittance of freight...

Published 27 Jan, 2023 06:15am

Business & Finance

SBP lowers FY23 growth forecast

KARACHI: Taking into account the destruction caused by floods and the policy focus on stabilization, the State Bank...

Published 22 Dec, 2022 05:57am

Markets

Pakistan's GDP growth projected to remain below 3–4% in FY23, says SBP

Central bank releases Annual Report on The State of Pakistan's Economy

Updated 21 Dec, 2022 08:01pm

Business & Finance

Jul-Nov workers’ remittances decline nearly 10pc YoY

KARACHI: Inflows of workers’ remittances maintained a declining trend and fell 9.77 percent during the first five...

Updated 15 Dec, 2022 09:59am

Pakistan

Remittances continue to decline, clock in at $2.1bn in November

Experts attribute lower inflow to usage of illegal channels

Published 14 Dec, 2022 05:13pm

Pakistan

End of FY23: JPMorgan has penciled in another 400bps rate-hike, but experts disagree

Market experts disagreed with JPMorgan, a leading global financial institution that penciled in an interest rate...

Published 10 Dec, 2022 04:45pm

Editorials

Dip in remittances

EDITORIAL: Remittance inflows, a desired form of inflows like exports, declined to 9,900.5 million dollars...

Published 18 Nov, 2022 05:53am

Markets

Pakistan’s perceived default risk rises significantly

5-year CDS has increased from 2,208bps to 6,419bps in one month, says brokerage house

Updated 14 Nov, 2022 08:42pm

Editorials

Remittance inflows amid forex volatility

EDITORIAL: Home or workers’ remittances are declining. In the first quarter of this year, there was a fall of 6...

Published 14 Oct, 2022 03:39am

Markets

Remittance inflow stands at $2.72bn in August, increases 7.9% month-on-month

Saudi Arabia remains most significant contributor to workers’ remittances with $692mn in August 2022

Updated 13 Sep, 2022 12:27pm

Pakistan

Pakistan's current account deficit shrinks massively to $1.21bn in July

Registers 45% decline month-on-month after clocking in at revised $2.2 billion in June

Updated 24 Aug, 2022 12:11pm

Markets

New all-time low for rupee, US dollar closes over 205

Multiple factors, including delay in IMF programme revival, driving currency depreciation

Updated 14 Jun, 2022 08:57pm

Markets

Pakistan's current account deficit clocks in at $1.03bn in March

Increases massive 179% on a year-on-year basis, 98% on a monthly basis
9MFY22 CAD amounts to $13.17bn

Updated 23 Apr, 2022 07:23pm

Markets

Highest-ever monthly figure: workers' remittances in March hit $2.81bn

This is a 28% increase on a monthly basis
Cumulative inflow during nine-month period (July-March) reaches record $22.95bn

Updated 14 Apr, 2022 02:49pm

SBP allows remittance of commission earned by IBD

KARACHI: In order to facilitate foreign portfolio investment in the country through International Broker Dealers...

Updated 08 Apr, 2022 10:19am

Business & Finance

Roshan Digital Account: cumulative inflows reach $3.38 billion

Inflow in January registers 9% decrease month-on-month

Updated 07 Feb, 2022 12:15pm

Markets

Surrender 100% forex: SBP introduces Re1 incentive for Exchange Companies

Move aimed at improving 'liquidity in inter-bank market'

Updated 04 Feb, 2022 08:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.62 ▲ 0.92 (16.14%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.95 ▲ 0.84 (11.81%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.70 ▲ 0.61 (10.02%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
J.K.Spinning / Dec 18 J.K. Spinning Mills Limited(JKSM)	58.50 ▼ -6.50 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.10
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.36
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.27
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.07
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.65
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.20
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.14
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -2.63
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.10

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