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
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
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