Trends - foreign exchange - Business Recorder

Markets

SBP's foreign exchange reserves fall to lowest level in almost a year

Decrease $869mn on a weekly basis due to external debt and other payments, says central bank

Updated 24 Mar, 2022 09:28pm

Business & Finance

Dollar edges lower as traders eye Fed, Russia-Ukraine talks

NEW YORK: The dollar edged lower against a basket of currencies on Monday, but held near a 21-month high hit last...

Updated 15 Mar, 2022 06:34am

BR Research

Remittances resilient?

The significance of remittances never declines for Pakistan, and substantial hopes are pinned to these foreign...

Published 14 Mar, 2022 05:47am

Business & Finance

Textile exporters welcome industrial package

FAISALABAD: Textile exporters have welcomed the industrial package focused on industrialization, foreign exchange...

Published 04 Mar, 2022 04:37am

BR Research

CAD chronicles

The current account deficit at $2.6 billion in Jan-22 is the highest ever recorded number. The toll is at $11.6...

Published 28 Feb, 2022 08:09am

Pakistan

Thar coal can be used in line with environmental, climate objectives, media told

KARACHI: Ahmed Muneeb, General Manager Admin and External Affairs, Sindh Engro Coal Mining Company (SECMC) has said...

Published 24 Feb, 2022 06:34am

Opinion

Transfer of foreign exchange — avoid ‘hawala’

Pakistan has always been short of foreign exchange and it will remain so in the unforeseeable future. However, on...

Published 23 Feb, 2022 04:54am

Markets

Sri Lanka seeks $35m to pay for urgent diesel imports

COLOMBO/NEW DELHI: Sri Lanka is trying to arrange a payment of $35 million for a shipment of 40,000 tonnes of diesel...

Published 22 Feb, 2022 04:43am

BR Research

Have remittances peaked?

Where the upward momentum in home remittances continues with 7MFY22 aggregate at all-time high of $18 billion up by...

Published 15 Feb, 2022 08:25am

Pakistan

Remittances decline 14.9% month-on-month, amount to $2.14bn in Jan

SBP data shows total workers' remittances during 7MFY22 amount to $18bn, 9.1% higher

Published 11 Feb, 2022 08:06pm

Print

Foreign embassies: ADs can remit visa, document attestation fees: SBP

KARACHI: The State Bank of Pakistan (SBP) has allowed Authorized Dealers to remit visa and document attestation fees...

Updated 10 Feb, 2022 09:13am

Print

Re1 for each USD surrender: SBP’s incentive scheme for ECs goes into effect

KARACHI: The State Bank of Pakistan (SBP) has introduced new incentive scheme for the Exchange Companies, under ...

Updated 05 Feb, 2022 09:35am

Print

Exchange companies, dealers must integrate with online system: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies...

Updated 04 Feb, 2022 11:08am

Markets

Post IMF approval: Rupee gains 0.51%, closes at highest level since December 1

Currency closes at 175.52 against US dollar on Thursday, registers fifth successive gain

Updated 03 Feb, 2022 05:19pm

Print

Export proceeds’ realization: SBP grants relaxation

KARACHI: The State Bank of Pakistan (SBP) on Tuesday granted some relaxations, for bringing export payments in 120...

Updated 02 Feb, 2022 09:32am

Business & Finance

Small industrial units: PCJCCI makes valuable suggestion

LAHORE: Wang Zihai President, Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has suggested that...

Published 01 Feb, 2022 04:07am

Business & Finance

Forex reserves fall sharply in three weeks

KARACHI: The country’s foreign exchange reserves fell sharply over $1.5 billion in the first three weeks of ...

Published 28 Jan, 2022 04:44am

Markets

SBP-held forex reserves fall a massive $562mn, now stand at $17.04bn

Reserves decrease due to external debt and other payments, says central bank

Published 20 Jan, 2022 06:51pm

World

Sri Lanka plans laws, fast-track measures to attract foreign exchange

COLOMBO: Sri Lanka will introduce new laws to attract investments over the next three years while policies to ...

Updated 18 Jan, 2022 03:11pm

Business & Finance

FPCCI demands govt facilitate restoration of Pak-Afghan trade practices

KARACHI: Mian Nasser Hyatt Maggo, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 14 Jan, 2022 07:45am

Print

SBP cuts realization period for exporters by 60 days

KARACHI: In order to ensure the timely arrival of foreign exchange, the State Bank of Pakistan (SBP) Wednesday...

Updated 06 Jan, 2022 09:56am

Markets

Export proceeds: SBP amends foreign exchange regulations

Central bank now requires exporters to bring export proceeds within 120 days from date of shipment

Published 05 Jan, 2022 08:07pm

Editorials

Woeful PKR slide

EDITORIAL: A few days back, the State Bank of Pakistan (SBP) tightened the foreign exchange regime for individuals ...

Published 31 Dec, 2021 06:50am

Opinion

Emerging risks

The prospects for the economy of Pakistan are shrouded by growing uncertainty and risk factors, due to developments...

Updated 28 Dec, 2021 09:39am

Business & Finance

Gross mismanagement: Excessive import of FO constitutes a threat to refinery sector: Zahid

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 26 Dec, 2021 03:57am

Markets

Against USD: Pakistan's rupee stable amid SBP measures to curb speculation

Gains value against major currencies in open market

Updated 20 Dec, 2021 06:18pm

BR Research

Remittances: slowing down?

While the upbeat momentum of home remittances continues - with 5MFY22 aggregate close to $13 billion up by 9.7...

Published 15 Dec, 2021 09:05am

Print

Petroleum sector: SBP amends forex manual for remittance process

KARACHI: The State Bank of Pakistan (SBP) on Tuesday has amended the Chapter 14, of the Foreign Exchange Manual for...

Updated 15 Dec, 2021 09:51am

Supplements

TOURISM IN KENYA

TEXT: Kenya is one of the world’s most popular tourist destinations owing to its rich diversity of tourist...

Published 14 Dec, 2021 06:40am

Editorials

Cyber defence?

EDITORIAL: Israel on Thursday led a 10-country simulation of a major cyber attack on global financial system by...

Published 13 Dec, 2021 06:45am