Trends - Remittances - Business Recorder

Remittances

Key economic indicators: Aurangzeb explains improvement

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Wednesday said the foundation for...

Published 19 Dec, 2024 05:57am

Business & Finance

Nov CA surplus hits 10-year peak

KARACHI: Pakistan’s current account recorded a 10-year high monthly surplus of $729 million in November 2024,...

Published 18 Dec, 2024 06:37am

Aleema says IK may ask expats to halt remittances

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan has said he would call overseas Pakistanis to...

Updated 18 Dec, 2024 02:43pm

Pakistan

Pakistan records massive $729mn current account surplus in November 2024

This is fourth consecutive month in which Pakistan's current account has posted surplus

Updated 17 Dec, 2024 10:49pm

Technology

Out of 2.32mn freelancers, only 38,000 hold bank accounts in Pakistan, PM Committee told

In a startling development, it was disclosed during a high-level meeting of the Prime Minister’s Committee on IT...

Updated 13 Dec, 2024 09:57pm

Business & Finance

FBL recognised as fastest growing bank in Pakistan’s remittance sector

KARACHI: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been honoured by the State Bank ...

Published 13 Dec, 2024 06:29am

Editorials

Rising remittance flows

EDITORIAL: Remittances surged by 34 percent year-on-year to 14.76 billion dollars July-November 2024 against 11...

Updated 12 Dec, 2024 08:03am

CAD declined 79pc in 2MFY25, NA told

ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb said the Current Account Deficit (CAD) has declined...

Updated 12 Dec, 2024 09:07am

BR Research

Time to channelise remittances

Remittances have been on an uphill journey in the ongoing fiscal year. These inflows increased significantly by 34...

Published 11 Dec, 2024 08:55am

Business & Finance

Jul-Nov FY25: Remittances surge 34pc to $14.76bn YoY

KARACHI/ISLAMABAD: Inflows of home remittances witnessed a significant 34 percent increase during the first five...

Published 10 Dec, 2024 06:13am

Markets

Pakistan’s remittance inflow at $2.92bn in November 2024, down 4.5% month-on-month

Amount 29.1% higher when compared with $2.26 billion in November 2023

Updated 09 Dec, 2024 09:27pm

Markets

Remittances to hit $35bn in FY25: Finance Minister

Aurangzeb says market forces are determining exchange rate

Updated 07 Dec, 2024 06:02pm

Business & Finance

Sustained recovery expected: FD foresees Nov inflation to range between 5.8pc and 6.8pc

ISLAMABAD: The Finance Division is anticipating sustained economic recovery in the ongoing fiscal year, inflation to...

Updated 28 Nov, 2024 09:28am

Opinion

Level of external inflows

The level of external inflows into Pakistan is of vital importance in ensuring a ‘safe’ level of foreign ...

Published 26 Nov, 2024 05:49am

Editorials

The quest for export-led growth

EDITORIAL: Federal Finance Minister Muhammad Aurangzeb while talking to the Dutch Ambassador reiterated the...

Published 21 Nov, 2024 06:46am

BR Research

Current account roundup 4MFY25: surpluses galore!

The current account posted a surplus of $349 million in October, and the 4MFY25 surplus stands at $218 million....

Published 19 Nov, 2024 08:50am

Business & Finance

Jul-Oct: C/A posts $218m surplus on foreign inflows

KARACHI: The country’s current account balance posted a surplus of $218 million in the first four months of FY25,...

Published 19 Nov, 2024 06:34am

Markets

Pakistan records $349mn current account surplus in October 2024

This is the third consecutive month in which Pakistan's current account has posted surplus

Updated 18 Nov, 2024 10:27pm

Editorials

The right candidate for the right job

EDITORIAL: Remittances hit a four-month-high, as per State Bank of Pakistan (SBP) website, of 3.05 billion dollars...

Published 12 Nov, 2024 07:03am

BR Research

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

Pakistan

Finance ministry sees Pakistan’s headline inflation at 6-7% in October 2024

CPI to decelerate further in November to 5.5-6.5%, says finance ministry

Updated 30 Oct, 2024 10:43pm

PM congratulates nation

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday felicitated the nation as the Pakistan Stock Exchange’s 100-index...

Updated 26 Oct, 2024 09:23am

SBP chief briefs global investors about state of economy

WASHINGTON: Governor State Bank of Pakistan (SBP), Jameel Ahmad met delegates from international rating agencies and...

Updated 26 Oct, 2024 08:47am

BR Research

‘Cash and Code’ driving recovery

As expected, the current account is nearly balanced in the first quarter of the fiscal year. The story is...

Published 22 Oct, 2024 06:51am

Business & Finance

Q1 IT, ITeS export remittances jump 33.7pc to $876m YoY

ISLAMABAD: The country’s information technology and IT-enabled services (ITeS) export remittances comprising...

Published 22 Oct, 2024 06:33am

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

Pak-UAE JMC meeting today to consider widening ties

ISLAMABAD: United Arab Emirates (UAE) and Pakistan are all set to consider different proposals for future...

Updated 21 Oct, 2024 03:24pm

BR Research

Remittances to the rescue

The significance of worker remittances can be seen from the fact that over $8 billion came into the country in the...

Published 14 Oct, 2024 09:19am

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Remittances

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