Trends - Remittances - Business Recorder

Remittances

Remittances at the forefront

Amid ongoing economic challenges and global uncertainties, remittances from overseas Pakistanis again emerged as a...

Updated 12 Jun, 2025 08:25am

Markets

PM hails rising remittances and PSX boost

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday hailed a sharp rise in remittances and record gains in the...

Published 12 Jun, 2025 06:18am

Markets

Pakistan’s remittances hit $3.7bn in May, up 16% MoM

Saudi Arabia remains Pakistan's top source of remittance inflows

Updated 11 Jun, 2025 08:37pm

Business & Finance

IT, ITeS export remittances surge by 23.7pc

ISLAMABAD: Pakistan’s information technology and IT-enabled services (ITeS) export remittances including computer...

Published 10 Jun, 2025 06:07am

Fitch upgrades Pakistan’s rating: macroeconomic stabilisation acknowledged

Monthly Economic Update released by Finance Division says fiscal indicators demonstrate enhanced management discipline

Updated 30 May, 2025 10:49am

Pakistan

SBP Governor calls for Sukuk push

At the National Islamic Economic Forum 2025 in Karachi, State Bank of Pakistan (SBP) Governor Jameel Ahmad outlined...

Published 20 May, 2025 02:42pm

Opinion

Budget: What should be key priorities?

Budget preparations are underway in the federal capital with major stakeholders putting in their requests for next...

Updated 19 May, 2025 07:20am

BR Research

CA balance: comfortably numb

The comfort of the current account surplus continues, as despite growing imports and a monthly drop in remittances,...

Updated 19 May, 2025 08:08am

Business & Finance

April C/A posts $12m surplus

KARACHI: Pakistan’s current account remained in surplus in April 2025, posting a modest $12 million surplus ...

Published 17 May, 2025 06:05am

Pakistan

Pakistan’s current account posts $12mn surplus in April 2025

On YoY basis, C/A decreases 96% against $315 million surplus in same month last year

Updated 16 May, 2025 09:58pm

BR Research

Remittances, money supply, and the ghost of inflation past

In an unexpected twist, Pakistan is witnessing a sharp acceleration in money supply growth at precisely the time it...

Updated 14 May, 2025 08:27am

Markets

More depreciation

KARACHI: The Pakistani rupee depreciated further against the US dollar in the inter-bank market as it lost Re0.65 or...

Published 12 May, 2025 05:51am

BR Research

Remittance 10MFY25 snapshot

Remittances to Pakistan reached an all-time high of $31.2 billion during the first ten months of FY25 (10MFY25),...

Updated 12 May, 2025 07:38am

Business & Finance

Jul–Apr FY25: Robust 31pc jump recorded in remittances

KARACHI: Inflows of home remittances recorded a robust 31 percent growth during the first 10 months of the current...

Published 10 May, 2025 06:08am

Editorials

Beware of the Dutch disease

EDITORIAL: Inward home remittances have become the backbone of our foreign exchange earnings. Two decades ago,...

Published 21 Apr, 2025 06:06am

BR Research

Remittance boom drives record surplus

The current account posted its highest monthly surplus of $1,195 million in March (the previous high was $981 mn in...

Updated 21 Apr, 2025 07:40am

Editorials

The great exodus

EDITORIAL: In the first quarter of 2025 alone, a staggering 172,000 Pakistanis left the country seeking employment...

Published 19 Apr, 2025 06:40am

Opinion

The saga of high inward remittances

In the past week, three interrelated news reports flashed on the media - which went past by many of the readers...

Updated 19 Apr, 2025 07:39am

Fitch upgrades Pakistan’s forex IDR to ‘B-’

ISLAMABAD: Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “B-” from...

Updated 16 Apr, 2025 09:23am

BR Research

The Remittances Galore

Inward remittances hit a record high of $4.1 billion in March 2025 — the highest monthly figure ever recorded. This...

Published 15 Apr, 2025 08:58am

Business & Finance

Surge in remittances: PM terms a ‘huge trust’ in govt policies

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday boasted that Pakistanis living abroad pumped a record-breaking $4...

Published 15 Apr, 2025 06:30am

March remittances surge to record $4.1bn

KARACHI: Pakistan recorded its highest-ever monthly inflow of home remittances amounting to $4.1 billion in March...

Updated 15 Apr, 2025 02:08pm

Markets

PSX surges on remittance boost

KARACHI: The Pakistan Stock Exchange (PSX) closed on a positive note on Monday, buoyed by better-than-expected...

Published 15 Apr, 2025 05:54am

Pakistan

Expats deserve accredited as top exporters: NA speaker

ISLAMABAD: National Assembly Speaker Ayaz Sadiq Monday said overseas Pakistanis are the backbone of the national...

Updated 15 Apr, 2025 07:53am

Pakistan

Pakistan’s remittances surge 37% YoY in March, cross $4bn mark for first time

Experts warn that the momentum may not be sustained

Updated 14 Apr, 2025 02:12pm

Markets

Pakistan receives record $4.1bn in remittances in March, says SBP governor

Central bank revises remittance forecast to $38bn for FY25

Updated 14 Apr, 2025 11:02pm

Aurangzeb talks about approach to economy

Finance minister says country’s foreign exchange reserves to reach $13 billion by June end

Updated 06 Apr, 2025 07:29pm

Business & Finance

FPCCI sounds the alarm: Major decline in workers’ remittances expected

KARACHI: Federation of Pakistan Chamber of Commerce and Industries (FPCCI) sounded the alarm, saying there is a fear...

Published 28 Mar, 2025 06:36am

Business & Finance

JS Bank, Al Ansari Exchange launch ‘millionaire campaign’

KARACHI: JS Bank has strengthened its partnership with Al Ansari Exchange, a leading exchange company in the UAE, to...

Published 27 Mar, 2025 05:23am

SBP governor upbeat about swift IMF SLA

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmed, Thursday, expressed the hope that Pakistan and the...

Updated 21 Mar, 2025 09:02am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 13	143.75
USD to Swiss Franc / Jun 13	0.81
Pound Sterling to USD / Jun 13	1.36
Euro to USD / Jun 13	1.15
UK LIBOR % / Jun 12	4.96

Stock	Volume
S&P 500 / Jun 12	6,045.26
Nasdaq / Jun 12	19,662.48
Dow Jones / Jun 12	42,967.62
India Sensex / Jun 13	81,216.80
Tokyo Nikkei / Jun 13	37,834.25
Hang Seng / Jun 13	23,892.56
FTSE 100 / Jun 13	8,839.41
Germany DAX 30 / Jun 13	23,434.96
France CAC40 / Jun 13	7,687.50

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 12	16,485
Gold 10 Grams PKR / Jun 12	305,984
Petrol/Litre / Jun 13	253.63
Crude Oil USD/Barrel / Jun 13	72.11
Gold Spot USD/Ounce / Jun 13	3,421.89
Diesel/Litre / Jun 13	254.64
Cotton US¢/pound / Jun 13	67.63

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.87 ▲ 0.94 (48.7%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.35 ▲ 0.96 (40.17%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	2.85 ▲ 0.73 (34.43%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.59 ▲ 0.46 (21.6%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Grays Leasing / Jun 13 Grays Leasing Limited(GRYL)	7.50 ▲ 0.89 (13.46%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)
LSE Financial Serv. / Jun 13 LSE Financial Services Limited(LSEFSL)	42.97 ▲ 3.91 (10.01%)

Stock	Price
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.58 ▼ -4.4 (-10%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.53 ▼ -3.39 (-9.99%)
Reliance Weaving / Jun 13 Reliance Weaving Mills Limited(REWM)	123.76 ▼ -13.74 (-9.99%)
Calcorp Ltd / Jun 13 Calcorp Limited(CASH)	44.15 ▼ -4.85 (-9.9%)
Blue-Ex Ltd / Jun 13 Blue-Ex Limited (GEM)(GEMBLUEX)	59.14 ▼ -6.46 (-9.85%)
Gulistan Sp. / Jun 13 Gulistan Spinning Mills Limited(GUSM)	6.50 ▼ -0.68 (-9.47%)
Hafiz Ltd. / Jun 13 Hafiz Limited(HAFL)	273 ▼ -28 (-9.3%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	107,914,222 ▲ 0.94
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	54,659,776 ▲ 0.05
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	53,174,914 ▲ 0.73
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	20,290,020 ▲ 0.34
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	17,803,129 ▼ -0.28
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	17,790,054 ▲ 0.96
K-Electric Ltd. / Jun 13 K-Electric Limited(KEL)	16,844,458 ▼ -0.13
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	15,514,943 ▲ 0.14
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	14,946,832 ▼ -0.92
Maple Leaf Cement / Jun 13 Maple Leaf Cement Factory Limited(MLCF)	14,839,374 ▼ -1.4

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