Trends - remittance - Business Recorder

remittance

For increasing remittance inflows: SBP ups cash incentives for banks, MFBs and ECs

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced increase in the financial incentives for banks,...

Updated 22 Sep, 2023 09:37am

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

Markets

Pakistan reports 4th successive monthly current account surplus in June

Current account deficit shrinks 85.4% to $2.56bn in FY23
Development driven mainly by import restrictions due to dollar shortage

Updated 18 Jul, 2023 04:34pm

Editorials

Give with one hand and take away with the other

EDITORIAL: Prime Minister Shehbaz Sharif, while addressing the distribution ceremony of the Prime Minister’s Youth...

Published 18 Jul, 2023 05:51am

Editorials

IMF’s approach is a bit out of the ordinary

EDITORIAL: The much hyped attempt by the International Monetary Fund (IMF) team to seek a consensus on the ...

Published 11 Jul, 2023 06:08am

Business & Finance

Remittance inflows to Pakistan: Bank AL Habib teams up with ACE Money Transfer

KARACHI: Remittance is a significant source of foreign reserves for Pakistan, and any decline in its volume can...

Updated 07 Jun, 2023 07:13pm

Business & Finance

Inflation perception survey: Rising price hike linked to political instability

ISLAMABAD: An overwhelming majority of 71 per cent of the country has reckoned political instability as the major...

Published 15 Apr, 2023 06:19am

Markets

Govt projection of achieving $3bn current account surplus in FY23 ‘unrealistic’: PBC

The Ministry of Finance's prediction of achieving a surplus current account by the end of the ongoing fiscal year...

Published 06 Feb, 2023 03:22pm

Markets

Analysts weigh in: rupee’s latest depreciation has wider implications, outcomes

Experts believe LC issue will be resolved, inflation along with remittances to increase in short term

Updated 27 Jan, 2023 07:04pm

Business & Finance

Freight forwarders/consolidators: Forex manual for remittance of freight charges amended

KARACHI: The State Bank of Pakistan (SBP) has amended the Foreign Exchange Manual (FEM) for remittance of freight...

Published 27 Jan, 2023 06:15am

Business & Finance

SBP lowers FY23 growth forecast

KARACHI: Taking into account the destruction caused by floods and the policy focus on stabilization, the State Bank...

Published 22 Dec, 2022 05:57am

Markets

Pakistan's GDP growth projected to remain below 3–4% in FY23, says SBP

Central bank releases Annual Report on The State of Pakistan's Economy

Updated 21 Dec, 2022 08:01pm

Business & Finance

Jul-Nov workers’ remittances decline nearly 10pc YoY

KARACHI: Inflows of workers’ remittances maintained a declining trend and fell 9.77 percent during the first five...

Updated 15 Dec, 2022 09:59am

Pakistan

Remittances continue to decline, clock in at $2.1bn in November

Experts attribute lower inflow to usage of illegal channels

Published 14 Dec, 2022 05:13pm

Pakistan

End of FY23: JPMorgan has penciled in another 400bps rate-hike, but experts disagree

Market experts disagreed with JPMorgan, a leading global financial institution that penciled in an interest rate...

Published 10 Dec, 2022 04:45pm

Editorials

Dip in remittances

EDITORIAL: Remittance inflows, a desired form of inflows like exports, declined to 9,900.5 million dollars...

Published 18 Nov, 2022 05:53am

Markets

Pakistan’s perceived default risk rises significantly

5-year CDS has increased from 2,208bps to 6,419bps in one month, says brokerage house

Updated 14 Nov, 2022 08:42pm

Editorials

Remittance inflows amid forex volatility

EDITORIAL: Home or workers’ remittances are declining. In the first quarter of this year, there was a fall of 6...

Published 14 Oct, 2022 03:39am

Markets

Remittance inflow stands at $2.72bn in August, increases 7.9% month-on-month

Saudi Arabia remains most significant contributor to workers’ remittances with $692mn in August 2022

Updated 13 Sep, 2022 12:27pm

Pakistan

Pakistan's current account deficit shrinks massively to $1.21bn in July

Registers 45% decline month-on-month after clocking in at revised $2.2 billion in June

Updated 24 Aug, 2022 12:11pm

Markets

New all-time low for rupee, US dollar closes over 205

Multiple factors, including delay in IMF programme revival, driving currency depreciation

Updated 14 Jun, 2022 08:57pm

Markets

Pakistan's current account deficit clocks in at $1.03bn in March

Increases massive 179% on a year-on-year basis, 98% on a monthly basis
9MFY22 CAD amounts to $13.17bn

Updated 23 Apr, 2022 07:23pm

Markets

Highest-ever monthly figure: workers' remittances in March hit $2.81bn

This is a 28% increase on a monthly basis
Cumulative inflow during nine-month period (July-March) reaches record $22.95bn

Updated 14 Apr, 2022 02:49pm

SBP allows remittance of commission earned by IBD

KARACHI: In order to facilitate foreign portfolio investment in the country through International Broker Dealers...

Updated 08 Apr, 2022 10:19am

Business & Finance

Roshan Digital Account: cumulative inflows reach $3.38 billion

Inflow in January registers 9% decrease month-on-month

Updated 07 Feb, 2022 12:15pm

Markets

Surrender 100% forex: SBP introduces Re1 incentive for Exchange Companies

Move aimed at improving 'liquidity in inter-bank market'

Updated 04 Feb, 2022 08:02pm

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

Editorials

Fault lines of Pakistan’s economy

EDITORIAL: A growth rate of between 4 to 5 percent remains the overarching objective of the de facto finance ...

Updated 18 Nov, 2021 09:43am

Markets

Roshan Digital Account: Inflows hit $2.68 billion, but pace slows down in October

Out of the overall deposit, 69% has been invested in Naya Pakistan Certificates, while a mere 1% has gone to the stock market

Updated 05 Nov, 2021 10:05pm

BR Research

FDI - need for a new perspective

The needle on FDI is not moving; the latest monthly FDI data by the central bank's shows nothing jovial. Net foreign...

Updated 20 Sep, 2021 08:27am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Nov 30 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Bela Auto / Nov 30 Bela Automotives Limited(BELA)	8.79 ▲ 0.81 (10.15%)
Dewan Sugar / Nov 30 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Nov 30 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Nov 30 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Nov 30 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Nov 30 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Nov 30 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Nov 30 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Nov 30 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)

Stock	Price
Nazir Cotton Mills / Nov 30 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Nov 30 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Nov 30 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Nov 30 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Jahangir Sidd(Pref) / Nov 30 Jahangir Sidd(Pref)(JSCLPSA)	8.51 ▼ -0.74 (-8.00%)
Ideal Sp. / Nov 30 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Nov 30 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Nov 30 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Nov 30 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Nov 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Nov 30 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

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