Remittance incentives revision will top ECC agenda today ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is scheduled to meet on Thursday (Aug 29) and... Updated 29 Aug, 2024 08:59am
Markets Pakistan receives record remittances of $3.24bn in May, up over 54% YoY Inflows from Saudi Arabia, UAE, UK dominate overall amount Updated 07 Jun, 2024 09:36pm
BR Research Profit and dividend repatriation in 10MFY24 Profit and dividend repatriation on FDI during 10MFY24 has exceeded the FY23 annual tally by three times already.... Published 05 Jun, 2024 06:40am
Business & Finance HBL recognised as leading remittance mobilizing bank of Pakistan KARACHI: HBL has been recognised by the Pakistan Remittance Initiative (PRI) as the “Leading Remittance Mobilizing... Published 12 Dec, 2023 05:28am
Print 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
Print 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
Print 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
PIA ‘national asset’, provinces welcome to buy airline on PC’s minimum expected price, says Aleem Khan