Trends - Remittances - Business Recorder

Remittances

CAD roundup

The current account deficit has been tamed to $623 million in April 2022. That is a sigh of relief in the midst of ...

Published 23 May, 2022 07:21am

Opinion

The sands of time are running out

Perplexed and checkmated by coalition partners and in panic to stem the nose dive of the country’s economy over ...

Published 21 May, 2022 04:34am

BR Research

Remittances: Let’s see

The home remittances growth has remained unabated. The monthly inflow in April-22 for the first time in the history...

Published 16 May, 2022 06:20am

Markets

Remittances clock in at $3.125bn in April, highest in Pakistan's history

This is the highest amount of inflow recorded in a single month
Inflow up 11.2% on a monthly basis, 11.9% on a year-on-year basis

Updated 13 May, 2022 08:06pm

BR Research

Roshan Digital keeps rising

Last month when IK was ousted, there were threats by hardcore PTI expat supporters of taking money out from Roshan...

Published 11 May, 2022 08:37am

Markets

SBP allows Exchange Cos to maintain separate foreign currency account for MTOs

In its bid to promote remittances, the State Bank of Pakistan (SBP) has decided to allow Exchange Companies (ECs) to...

Updated 30 Apr, 2022 09:13pm

Business & Finance

SCBPL delivers record performance in 1Q22

KARACHI: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a record performance in first quarter of 2022,...

Published 28 Apr, 2022 06:31am

BR Research

Remittances holding up

Remittances for March 2022 touched the highest ever monthly level of $2.8 billion. This is an increase of over 28...

Published 15 Apr, 2022 06:16am

Markets

SBP rebuts 'fake news' on 'large withdrawals' from Roshan Digital Accounts

Says inflows remain strong at around $86mn so far in April

Updated 11 Apr, 2022 07:47pm

Editorials

Remittances, reserves and development

EDITORIAL: Inflow of remittances crossed the $20 billion mark in the first eight months (Jul-Feb) of the current...

Published 17 Mar, 2022 04:53am

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

Workers’ remittances cross $20bn mark

KARACHI: Inflows of home remittances crossed $ 20 billion mark in the first eight months of this fiscal year ...

Published 11 Mar, 2022 05:12am

Markets

Remittances up 2% month-on-month, amount to $2.2bn in February

Cumulative amount for eight months of ongoing fiscal year hits $20.14 billion, up 7.6% year-on-year

Published 10 Mar, 2022 06:04pm

Markets

Roshan Digital Account: cumulative inflows reach $3.63bn

Published 08 Mar, 2022 10:25am

Markets

Rupee falls further against US dollar, nearing all-time low

Depreciates another 0.12% in inter-bank market on Thursday

Updated 03 Mar, 2022 07:10pm

Perspectives

Going digital: remittances and national development

The year 2021 was a record-breaking year for Pakistani remittances. Pakistani expats transferred $33 billion in ...

Published 21 Feb, 2022 09:36pm

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

BR Research

Remittances remain resilient

The momentum in inward remittances is continuing to grow. The number has crossed $30 billion for the first time in a...

Published 17 Jan, 2022 08:01am

Remittances up 11.3pc in 1HFY22

KARACHI: The workers’ remittances have increased by 11.3 percent to $15.8 billion during the first half of current...

Updated 15 Jan, 2022 09:47am

UN projects 3.9pc growth for Pakistan in 2022

ISLAMABAD: Pakistan’s GDP growth is projected at 3.9 percent in 2022, driven by private consumption, record high...

Updated 15 Jan, 2022 12:30pm

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

Jul-Nov remittances post 10pc growth YoY

KARACHI: Inflows of home remittances posted a 10 percent growth during the first five months of this fiscal year,...

Updated 14 Dec, 2021 10:06am

BR Research

Service imports: Where the real juice is

Government authorities are mulling over options to restrict import of non-essential goods and “curb the...

Published 01 Dec, 2021 08:02am

Editorials

SBP’s informed perspective

EDITORIAL: State Bank of Pakistan’s (SBP’s) annual report on Pakistan’s economy 2020-21 claims that growth...

Published 29 Nov, 2021 06:16am

BR Research

Current Account roundup: 4MFY21

The current account slippage is not coming under control. The deficit stood at $1.7 billion in October – biggest...

Published 22 Nov, 2021 07:20am

BR Research

Remittances: exuberance continues

The upbeat momentum of home remittances continues. The toll stood at $2.5 billion in Oct21 – eight consecutive...

Updated 16 Nov, 2021 07:41am

BR Research

Currency: Fasten your seat belts

The pressure on the currency is building again. The PKR/USD bounced back from 175, after the news of deferred oil...

Updated 12 Nov, 2021 08:00am

Opinion

CAD - cause for concern

Current account deficit (CAD) is again becoming a source of concern to policymakers with many independent economists...

Published 25 Oct, 2021 05:32am

BR Research

Remittances are roaring!

Remittances to Pakistan have been on a constant uptrend - continuing to cool down a heated economy. Remittances have...

Published 12 Oct, 2021 07:35am

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / May 28 SME Leasing Limited(SLL)	3.40 ▲ 0.95 (38.78%)
Reliance Ins. / May 28 Reliance Insurance Company Limited(RICL)	6.45 ▲ 0.95 (17.27%)
Escorts Bank / May 28 Escorts Investment Bank Limited(ESBL)	7.06 ▲ 1.00 (16.50%)
Punjab Mod / May 28 First Punjab Modaraba(FPJM)	1.92 ▲ 0.22 (12.94%)
Dandot Cement / May 28 Dandot Cement Company Limited(DNCC)	8.20 ▲ 0.90 (12.33%)
F.Treet Manuf / May 28 First Treet Manufacturing Modaraba(FTMM)	8.75 ▲ 0.75 (9.38%)
Samba Bank / May 28 Samba Bank Limited(SBL)	10.25 ▲ 0.86 (9.16%)
Ruby Tex. / May 28 Ruby Textile Mills Limited(RUBY)	4.35 ▲ 0.35 (8.75%)
PICIC Ins.Ltd. / May 28 PICIC Insurance Limited(PIL)	1.03 ▲ 0.08 (8.42%)
Husein Sugar / May 28 Husein Sugar Mills Limited(HSM)	13.72 ▲ 1.00 (7.86%)

Stock	Price
Tri-Star Mutual / May 28 Tri-Star Mutual Fund Limited(TSMF)	5.75 ▲ -1.00 (-14.81%)
Nazir Cotton Mills / May 28 Nazir Cotton Mills Limited(NCML)	5.17 ▲ -0.68 (-11.62%)
Pak Gen.Ins. / May 28 The Pakistan General Insurance Co. Ltd.(PKGI)	8.20 ▲ -0.99 (-10.77%)
Silk Bank Ltd / May 28 Silkbank Limited(SILK)	1.29 ▲ -0.14 (-9.79%)
Askari Life Assur. / May 28 Askari Life Assurance Company Limited(ALAC)	6.21 ▲ -0.67 (-9.74%)
Ist.Dawood Bank / May 28 First Dawood Investment Bank Limited(FDIBL)	2.10 ▲ -0.18 (-7.89%)
Ghazi Fabrics / May 28 Ghazi Fabrics International Limited(GFIL)	5.81 ▲ -0.49 (-7.78%)
Thal Ind.Corp. / May 28 Thal Industries Corporation Limited(TICL)	253.91 ▲ -20.58 (-7.50%)
Cordoba Logistics / May 28 Cordoba Logistics & Ventures Limited(CLVL)	13.21 ▲ -1.07 (-7.49%)
Philip Morris Pak. / May 28 Philip Morris (Pakistan) Limited(PMPK)	536.53 ▲ -43.47 (-7.49%)

Stock	Volume
Cnergyico PK / May 28 Cnergyico PK Limited(CNERGY)	63,944,791 ▼ 0.00
Pak Refinery / May 28 Pakistan Refinery Limited(PRL)	54,932,038 ▼ 0.00
WorldCall Telecom / May 28 Worldcall Telecom Limited(WTL)	21,383,000 ▼ 0.00
Hum Network / May 28 Hum Network Limited(HUMNL)	21,349,500 ▼ 0.00
Ghani Glo Hol / May 28 Ghani Global Holdings Limited(GGL)	19,460,637 ▼ 0.00
Pak Elektron / May 28 Pak Elektron Limited(PAEL)	19,140,500 ▼ 0.00
Telecard Limited / May 28 Telecard Limited(TELE)	18,961,000 ▼ 0.00
K-Electric Ltd. / May 28 K-Electric Limited(KEL)	15,469,500 ▼ 0.00
Unity Foods Ltd / May 28 Unity Foods Limited(UNITY)	12,464,558 ▼ 0.00
Fauji Foods Ltd / May 28 Fauji Foods Limited(FFL)	11,951,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	199.40
USD PKR Interbank Buying / May 27	199.20
USD to Japanese Yen / May 27	127.12
USD to Swiss Franc / May 27	0.96
Pound Sterling to USD / May 27	1.26
Euro to USD / May 27	1.07
UK LIBOR % / May 27	0.82

Stock	Volume
S&P 500 / May 27	4158.24
India Sensex / May 27	54884.66
Tokyo Nikkei / May 27	26781.68
Nasdaq / May 27	12131.13
Hang Seng / May 27	20697.36
FTSE 100 / May 27	7585.46
Dow Jones / May 27	33212.96
Germany DAX 30 / May 27	14462.19
France CAC40 / May 27	6515.75

Item	Value
Crude Oil USD/Barrel / May 27	115.07
Karachi Cotton PKR/37.32 KG / May 27	21180.00
Gold 10 Grams PKR / May 27	122600.00
Gold Spot USD/Ounce / May 27	1853.72
Cotton US¢/pound / May 27	122.95

Remittances

Most Popular Articles