Trends - remittance inflows - Business Recorder

remittance inflows

Remittances on a steady climb

The central bank data reveals that remittances experienced a 24 percent year-on-year growth in October 2024. The...

Published 11 Nov, 2024 09:07am

Business & Finance

$3bn remittances in Oct: highest monthly inflow in FY25 so far

KARACHI: Pakistan received over $3 billion home remittances in October 2024, the highest monthly inflow so far in ...

Published 09 Nov, 2024 06:36am

Markets

Pakistan’s remittance inflow at $3.05bn in October 2024, up 24% year-on-year

Amount also 7% higher when compared with $2.86 billion in September 2024

Updated 08 Nov, 2024 10:02pm

Markets

Pakistan records $119mn current account surplus in September 2024

Development comes on back of massive increase in remittance inflows
This is the second successive month in which Pakistan's current account has posted surplus

Updated 21 Oct, 2024 11:32pm

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

Markets

Pakistan’s remittance inflow stands at $3bn in July, up 48% year-on-year

On monthly basis, inflow down 5%
Amount from Saudi Arabia remains highest at $761mn

Updated 09 Aug, 2024 10:18pm

BR Research

Remittances shining again

As expected, remittances from overseas Pakistanis saw a surge on May 24. However, the monthly inflows rose to record...

Published 11 Jun, 2024 08:13am

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

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

April remittances up 27.9pc to $2.8bn YoY

KARACHI: The inflows of workers’ remittances have increased by 27.9 percent on year-on-year basis to $2.8 billion...

Updated 10 May, 2024 09:23am

Markets

Pakistan’s remittances clock in at $2.25bn in February, up 13% YoY

However, inflows decrease 6% on a monthly basis

Updated 08 Mar, 2024 11:36pm

Markets

Pakistan’s current account posts significant surplus of $397mn in December

Overall deficit during July-December FY24 stands at $831mn compared to $3.63bn in same period of FY23

Updated 17 Jan, 2024 08:33pm

Markets

RDA: inflow up 17%, clocks in at $160mn in December

Cumulative inflow has crossed $7.2 billion by December-end

Updated 15 Jan, 2024 09:14pm

Business & Finance

Dec workers’ remittances post 5.4pc growth MoM

KARACHI: Inflows of workers’ remittances recorded 5.4 percent growth in December 2023 compared to November 2023, the...

Updated 11 Jan, 2024 09:56am

Pakistan

Pakistan’s remittances clock in at $2.4bn in December, up 5.4% from November

Inflow 13.4% higher on yearly basis, Saudi Arabia remains biggest source of remittances in December

Updated 10 Jan, 2024 10:36pm

Editorials

A further decline in remittances

EDITORIAL: Remittance inflows, a desired form of foreign exchange earnings, declined July-November 2023 to 11,044.7...

Published 19 Dec, 2023 05:20am

Markets

Pakistan’s remittances clock in at $2.5bn in October, up 11.5% on monthly basis

On yearly basis, inflow up nearly 10%

Updated 10 Nov, 2023 10:13pm

Markets

SBP, Arab Monetary Fund sign MoU to facilitate cross-border remittances

Pakistan’s Raast and AMF-owned Buna payment systems will be linked to enable real-time, cross-border payments for overseas Pakistanis

Updated 03 Nov, 2023 07:54pm

Remittance inflows likely to recover

Experts say that improvement inflows likely as PKR marked a significant comeback against US dollar in interbank and open market in last few weeks

Updated 30 Oct, 2023 10:05am

Pakistan

Pakistan’s remittances clock in at $2.2bn in September, 5.5% higher on monthly basis

However, inflow 11% lower year-on-year
Cumulative figure for July-September stands at $6.33bn, nearly 20% lower compared with same three-month period of FY23

Updated 10 Oct, 2023 10:42pm

Editorials

Big decline in remittances

EDITORIAL: Remittance inflows declined during the first two months of the current fiscal year against the comparable...

Published 15 Sep, 2023 06:31am

Pakistan

Pakistan’s remittances clock in at $2.1bn in August, 24% lower YoY

However, inflow 3.1% higher on monthly basis

Updated 11 Sep, 2023 07:55pm

Markets

Rupee weakens further, settles at 288.49 against US dollar

Currency depreciate 0.31% in inter-bank market

Updated 11 Aug, 2023 08:09pm

Business & Finance

Jul remittances down 19.3pc to $2.027bn YoY

KARACHI: Inflow of home remittances fell sharply, ie, over 19.3 percent during the first month of this fiscal year,...

Published 11 Aug, 2023 05:17am

Pakistan

Pakistan’s remittances clock in at just over $2bn in July

Inflow 7.3% lower on monthly basis

Updated 10 Aug, 2023 06:48pm

Editorials

Business & Finance

July-April remittances decline 13pc to $22.74bn YoY

KARACHI: Workers’ remittances fell by 13 percent during the first ten months of this fiscal year (FY23) as ...

Published 11 May, 2023 05:54am

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
Gold 10 Grams PKR / Nov 20	238,940
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 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

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