Trends - Overseas Pakistanis - Business Recorder

Overseas Pakistanis

UAE firms to invest $25bn in real estate industry

KARACHI: A conglomerate of Real Estate companies from the United Arab Emirates will invest USD 20 to 25 billion in...

Published 11 Nov, 2023 06:30am

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

Business & Finance

Roshan Digital Account: cumulative inflow reaches $6.75bn, says SBP

Total amount repatriated now stands at $1.497bn, while net liability is now at $1.139bn

Published 16 Oct, 2023 01:10pm

Pakistan

Correction

**This is apropos a news item “Overseas Pakistanis: LCCI urges govt to set up authority” carried by the ...

Published 14 Oct, 2023 05:32am

Business & Finance

Overseas Pakistanis: Progressive Group of LCCI urges govt. to set up authority

LAHORE: Progressive Group in the Lahore Chamber of Commerce & Industry (LCCI) has called upon the government to...

Updated 13 Oct, 2023 11:16pm

President dismisses FBR’s appeal against expats

ISLAMABAD: President Arif Alvi has warned the Federal Board of Revenue (FBR) to stop harassing overseas Pakistanis,...

Updated 01 Oct, 2023 10:51pm

Pakistan

EOBI admits miners in Balochistan are not registered with it

ISLAMABAD: The management of the Employees’ Old-Age Benefits Institution (EOBI) admitted before a Senate Standing...

Published 28 Sep, 2023 05:33am

‘Diamond’ category in Sohni Dharti Remittance Programme launched

KARACHI: The State Bank of Pakistan (SBP) has announced the launch of Diamond Category in the Sohni Dharti...

Updated 23 Sep, 2023 08:56am

Remittance schemes: Rs20bn out of Rs80bn allocation released to SBP: minister

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar said that the government has released Rs20 billion to the...

Updated 16 Sep, 2023 08:51am

Ministry begins interviews for positions of trade officers

ISLAMABAD: Commerce Ministry has started interviewing applicants for positions of trade and investment officers in...

Updated 14 Sep, 2023 08:56am

Business & Finance

July-August remittances post big fall

Pakistan receives workers’ remittances amounting to $ 4.12 billion in July-Aug of FY24

Updated 12 Sep, 2023 09:58am

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

Rapid rupee decline brewing ‘a perfect storm’ for Pakistan: PBC

The Pakistan Business Council (PBC), one of the country’s largest corporate advocacy platforms, warned that the...

Updated 01 Sep, 2023 06:10pm

Pakistan

Senator Manzoor Kakar elected Senate body’s chairman

ISLAMABAD: Senator Manzoor Ahmed Kakar was unanimously elected chairman of the Senate Standing Committee on Overseas...

Published 01 Sep, 2023 05:41am

Business & Finance

Pakistan Remittance Summit to be held in Dubai

KARACHI: Dellsons Associates in collaboration with leading commercial banks will organize an international...

Published 29 Aug, 2023 06:01am

Markets

Cumulative inflow under RDA hits $6.49bn: SBP

Total amount repatriated stands at $1.47bn, while net liability is now at $1.13bn

Updated 23 Aug, 2023 07:51pm

Pakistan

UBL & BAFL celebrate Independence Day with overseas Pakistanis

KARACHI: Overseas Pakistanis are one of our nation’s most valuable assets. With almost 9 million overseas...

Published 17 Aug, 2023 03:49am

Pakistan

‘US had no role in making or overthrowing govts’

LAHORE: Dr Mubasher Chaudhry, a well-known American businessman of Pakistani origin and the leader of the Democratic...

Published 17 Aug, 2023 03:49am

Pakistan

Roshan Digital Account: SBP says total inflows cross $6.5bn mark

Since its launch, inflows through Roshan Digital Account (RDA) have crossed the $6.5-billion mark, the State Bank of...

Updated 12 Aug, 2023 07:53pm

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

Pakistan

Last day of govt: Shehbaz announces incentives package for overseas Pakistanis

The outgoing PM hopes the upcoming government will continue its implementation

Updated 09 Aug, 2023 10:53pm

Incentives, innovative services: Remittance inflows from GCC states may soar to $20bn: experts

KARACHI: The remittance inflows can be increased by more than $5 billion to $20 billion to Pakistan through the...

Updated 21 Jul, 2023 09:25am

WWF improving workers’ welfare under Bilawal’s ‘guidance’: Turi

Pakistan

ECP refuses to hold LG polls in Punjab thru EVMs, i-voting

ISLAMABAD: The poll body has refused to hold the local government elections in Punjab through electronic voting...

Updated 11 Jul, 2023 08:55am

Markets

Pakistan’s remittances stand at $2.2bn in June, 3.9% higher month-on-month

Cumulatively, at $27bn, remittances decrease 13.6% during FY23 as compared to FY22

Updated 10 Jul, 2023 06:41pm

Markets

Pakistan looks at ‘medium-term’ inflation target of 5-7%: SBP chief

Jameel Ahmad also announces MoU with Arab Monetary Fund to facilitate remittance inflow from GCC countries

Updated 04 Jul, 2023 03:40pm

Pakistan

Greece boat disaster: Investigation to be completed in a week, says Sanaullah

Interior minister says government will come up with laws to penalise those responsible for such incidents

Updated 20 Jun, 2023 08:22pm

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 5 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 5 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 5 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 5 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 5 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 5 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	147.21
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.26
Euro to USD / Dec 4	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
India Sensex / Dec 4	68865.12
Tokyo Nikkei / Dec 4	33231.27
Nasdaq / Dec 4	14185.50
Hang Seng / Dec 4	16646.05
FTSE 100 / Dec 4	7512.96
Dow Jones / Dec 4	36204.44
Germany DAX 30 / Dec 4	16404.76
France CAC40 / Dec 4	7332.59

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Crude Oil USD/Barrel / Dec 4	73.31
Gold 10 Grams PKR / Dec 4	191701
Gold Spot USD/Ounce / Dec 4	2029.96
Cotton US¢/pound / Dec 4	78.68

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