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Business Published Jul 13, 2020 03:29pm

Pakistan receives 'record high' remittances in June

  • On a cumulative basis, workers’ remittances increased to another “historic high level’ of $23,120.7 million during FY20, witnessing a growth of 6.4pc over $ 21,739.4mn during FY19.
Pakistan receives 'record high' remittances in June
Currency Rate
USD PKR Interbank Selling / Jul 11
USD PKR Interbank Buying / Jul 11
USD to Japanese Yen / Jul 11
USD to Swiss Franc / Jul 11
Pound Sterling to USD / Jul 11
Euro to USD / Jul 11
Stock Volume
S&P 500 / Jul 11
India Sensex / Jul 11
Tokyo Nikkei / Jul 11
Nasdaq / Jul 11
Hang Seng / Jul 11
FTSE 100 / Jul 11
Dow Jones / Jul 11
Germany DAX 30 / Jul 11
France CAC40 / Jul 11
Indicator Value
Weekly Foreign Reserves / Jul 9
Foreign Debt / Jul 9
Per Capita Income (CPI) / Jul 9
Average CPI / Jul 9
UK LIBOR / Jul 11


TSX rises as producer prices gain in June

TSX rises as producer prices gain in June

  • Investors will be watching out for the Bank of Canada latest interest rate decision and its quarterly monetary policy report on Wednesday.
  • The energy sector dropped 0.4% as US crude prices were down 0.5% a barrel, while Brent crude lost 0.5%.
Published Jul 13, 2020 09:17pm

Eurozone bonds sell off as stocks hit five-month peak

  • "It's been a good day for equities in general and a good day for risk," said Rabobank strategist Lyn Graham-Taylor, adding: "I think (moves) definitely will be exaggerated by quiet markets."
  • Rabobank's Graham-Taylor expects the EU's recovery fund to be the main driver of market moves this week.
Published Jul 13, 2020 09:14pm
Money & Banking

BoE's Bailey says now is the time to plan for post-Libor era

  • Bailey acknowledged there had been calls to step back from the Libor transition as a priority because of the shock to global financials markets caused by the coronavirus crisis.
  • But in my view, what we saw in financial markets in March in response to the shock of Covid only reinforces the importance of removing the financial system's dependence on Libor in a timely way.
Published Jul 13, 2020 09:05pm

Russia's Gazprom Neft sends its first oil cargo to China via Arctic route

  • Gazprom Neft said on Monday it took 47 days to deliver a cargo with 144,000 tonnes of light Novy Port oil grade to the Chinese port of Yantai on the Bohai Sea from Russia's north-western city of Murmansk.
  • Combined with its second Arctic oil field, Prirazlomnoye in the Pechora Sea, Gazprom Neft has shipped over 40 million tonnes of Arctic oil to Europe.
Published Jul 13, 2020 08:39pm

BR Research

BR Research

Fixing the breach

Much has been written about America’s failure in containing the spread of the coronavirus within its shores. But...

Published Jul 13, 2020 09:23am
BR Research

Reading PSX pulse

It appears that investors at Pakistan Stock Exchange have decided to give weight to falling number of Covid-19 cases...

Published Jul 10, 2020 08:09am


PNS Yarmook joins Pakistan naval fleet

  • The 2,300-tonne corvette PNS ‘Yarmook’ F-271 is capable of performing a variety of tasks and maritime operations and could also transport a helicopter and an Unmanned Aerial Vehicle (UAV).
Updated Jul 13, 2020 04:17pm

NICVD sets up CPU in Umerkot

KARACHI: National Institute of Cardiovascular Diseases (NICVD) in collaboration with the Government of Sindh has...

Updated Jul 13, 2020 03:21am



Trump finally dons mask

Trump finally dons mask

BETHESDA: US President Donald Trump finally yielded to pressure and wore a face mask in public for the first time, ...

Updated Jul 13, 2020 03:16am


Setbacks for PIA

EDITORIAL: The national carrier, PIA, and with it Pakistan's reputation continue to pay a price for the speech...

Power sector censured

EDITORIAL: According to a Business Recorder exclusive, the World Bank in its report meant only for official use ...