Trends - Remittances - Business Recorder

Remittances

Fitch upgrades Pakistan’s forex IDR to ‘B-’

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “B-” from...

Updated 2 days ago

BR Research

The Remittances Galore

Inward remittances hit a record high of $4.1 billion in March 2025 — the highest monthly figure ever recorded. This...

Published 3 days ago

Business & Finance

Surge in remittances: PM terms a ‘huge trust’ in govt policies

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday boasted that Pakistanis living abroad pumped a record-breaking $4...

Published 15 Apr, 2025 06:30am

Markets

PSX surges on remittance boost

KARACHI: The Pakistan Stock Exchange (PSX) closed on a positive note on Monday, buoyed by better-than-expected...

Published 15 Apr, 2025 05:54am

March remittances surge to record $4.1bn

KARACHI: Pakistan recorded its highest-ever monthly inflow of home remittances amounting to $4.1 billion in March...

Updated 3 days ago

Pakistan

Expats deserve accredited as top exporters: NA speaker

ISLAMABAD: National Assembly Speaker Ayaz Sadiq Monday said overseas Pakistanis are the backbone of the national...

Updated 3 days ago

Pakistan

Pakistan’s remittances surge 37% YoY in March, cross $4bn mark for first time

Experts warn that the momentum may not be sustained

Updated 14 Apr, 2025 02:12pm

Markets

Pakistan receives record $4.1bn in remittances in March, says SBP governor

Central bank revises remittance forecast to $38bn for FY25

Updated 14 Apr, 2025 11:02pm

Aurangzeb talks about approach to economy

Finance minister says country’s foreign exchange reserves to reach $13 billion by June end

Updated 06 Apr, 2025 07:29pm

Business & Finance

FPCCI sounds the alarm: Major decline in workers’ remittances expected

KARACHI: Federation of Pakistan Chamber of Commerce and Industries (FPCCI) sounded the alarm, saying there is a fear...

Published 28 Mar, 2025 06:36am

Business & Finance

JS Bank, Al Ansari Exchange launch ‘millionaire campaign’

KARACHI: JS Bank has strengthened its partnership with Al Ansari Exchange, a leading exchange company in the UAE, to...

Published 27 Mar, 2025 05:23am

SBP governor upbeat about swift IMF SLA

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmed, Thursday, expressed the hope that Pakistan and the...

Updated 21 Mar, 2025 09:02am

Opinion

Light of hope

Regardless of how violently the wick of hope flickers due to changing dynamics and the burden of past misdeeds, it...

Published 19 Mar, 2025 06:24am

Business & Finance

Jul-Feb FY25: C/A posts $691m surplus on healthy remittance inflows

KARACHI: Pakistan’s current account showed significant improvement, recording a $0.7 billion surplus in the first...

Published 18 Mar, 2025 05:33am

More facilities sought for overseas Pakistanis

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and...

Updated 17 Mar, 2025 08:49am

BR Research

Record remittance inflows

The inflow of workers’ into Pakistan continued its upward trajectory in February 2025, contributing to the country’s...

Published 12 Mar, 2025 07:48am

Business & Finance

July-Feb remittances soar 32.5pc to $24bn YoY

KARACHI: Workers’ remittances recorded a strong growth of 32.5 percent in the first eight months of FY25, the ...

Published 11 Mar, 2025 05:35am

Markets

Pakistan’s remittance inflow at $3.1bn in February 2025, up 3.8% month-on-month

Amount 38.6% higher when compared with $2.25 billion in February 2024

Updated 10 Mar, 2025 11:32pm

Uptick in inflation, water stress for crops likely

Finance Division says inflation is anticipated to remain within range of 2.0-3.0 percent for February 2025

Updated 28 Feb, 2025 04:02pm

Business & Finance

Pakistan’s inflation expected to remain at 2-3% in February: Ministry of Finance

Exports, remittances expected to rise amid seasonal demand

Updated 27 Feb, 2025 08:57pm

Opinion

Workers’ remittances: a pivotal role in Pakistan’s economy

Over the past five decades, Pakistan’s workers’ remittances (WRs) have surged from US$0.14 billion in 1970 to...

Published 21 Feb, 2025 06:49am

Remittances by banks: Special rules for packing and dispatch revised

ISLAMABAD: Ministry of Finance has revised special rules for packing and dispatch of remittances by the banks....

Updated 20 Feb, 2025 09:26am

Markets

Pakistan registers massive $420mn current account deficit in January 2025

This is first deficit since July 2024, showed SBP data

Updated 18 Feb, 2025 10:35pm

Editorials

Significant increase in home remittances

EDITORIAL: Home remittances registered a 32.89 percent growth July-December 2024 against the same period the year...

Published 15 Feb, 2025 06:11am

BR Research

Remittance boom: A blessing or a crutch?

In January 2025, Pakistan’s workers’ remittances crossed $3 billion again, marking a 25.2 percent increase compared...

Published 12 Feb, 2025 08:55am

Business & Finance

Jul-Jan home remittances rise 32pc YoY

KARACHI: Home remittance inflows maintained strong growth, reaching $20.8 billion mark in the first seven months of...

Published 11 Feb, 2025 06:36am

Govt working with UAE, KSA to extract mineral resources: PM

KARACHI: Prime Minister Shehbaz Sharif Monday revealed that Pakistan was working together with the United Arab...

Updated 11 Feb, 2025 04:15pm

Markets

Pakistan’s remittance inflow at $3bn in January 2025, down 3.2% month-on-month

Amount 25% higher when compared with $2.4 billion in January 2024

Updated 10 Feb, 2025 11:23pm

Pakistan

Pakistan’s economic stability improves, but IMF & structural reforms crucial: Fitch

Securing sufficient external financing remains a challenge, rating agency says

Updated 07 Feb, 2025 09:55pm

PM announces green channel restoration

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday announced immediate restoration of the Green Channel – a free...

Updated 05 Feb, 2025 02:36pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Cotton US¢/pound / Apr 17	66.66
Petrol/Litre / Apr 18	254.63
Diesel/Litre / Apr 18	258.64

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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