Trends - Remittances - Business Recorder

Remittances

Current account in forceful balance

The current account was almost hung in the balance last month. The outcome is not natural but forced through import...

Updated 21 Mar, 2023 11:52am

Business & Finance

Jul-Feb FY23: IT, ITeS export remittances up 1.7pc to $1.718bn

ISLAMABAD: The IT and IT-enabled Services (ITeS) export remittances comprising computer and call centre services...

Published 21 Mar, 2023 06:29am

Editorials

‘Reimagining Pakistan’

EDITORIAL: Ideas about rescuing the economy, especially about ending its dependence on donor bailouts, come a dime a...

Published 20 Mar, 2023 06:12am

Editorials

Bank borrowing

EDITORIAL: Bank deposits grew by 15 percent in one year to 22.92 trillion rupees in February 2023 compared to 19.91...

Published 16 Mar, 2023 06:01am

BR Research

Tumbling remittances?

While remittances for February 2023 were seen rising on a month-month basis to $2 billion in the recently announced...

Published 13 Mar, 2023 07:51am

MoF says inflation likely to remain high in coming months

ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain...

Updated 01 Mar, 2023 09:06am

Business & Finance

Jul-Dec FY23: IT and ITeS sector records $1.333bn remittances, NA told

ISLAMABAD: The National Assembly was informed on Monday that the country’s IT and Information Technology-Enabled...

Published 28 Feb, 2023 06:15am

Business & Finance

Jul-Jan: C/A falls hugely on import curbs

KARACHI: The country’s current account deficit (CAD) sharply fell by 67 percent during the first seven months of...

Published 21 Feb, 2023 05:57am

Business & Finance

Jul-Jan 2022-23: IT, ITeS export remittances up 2.4pc to $1.523bn YoY

ISLAMABAD: The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre...

Published 21 Feb, 2023 05:57am

Perspectives

Overseas Pakistanis: there is a lot to learn from India, China's networking model

One evening at dinner, an executive of Pakistani origin, part of a supranational organisation (one of the IMF, World...

Published 17 Feb, 2023 02:58pm

Editorials

A further decline in remittances

EDITORIAL: Remittances declined to under 1.89 billion dollars in January 2023, thereby registering a continuous...

Published 16 Feb, 2023 06:08am

BR Research

Remittances - all gloom and doom?

It’s been the fifth consecutive month that the remittance inflow to Pakistan has been falling (month-on-month)....

Published 15 Feb, 2023 09:39am

Monthly remittances slip below $2bn

KARACHI: Monthly inflows of home remittances reached below the $2 billion mark in January 2023 for the first time in...

Updated 14 Feb, 2023 09:06am

Business & Finance

January foreign remittances at 31-month low, clock in at $1.9bn

Inflow declines for fifth successive month

Published 13 Feb, 2023 03:57pm

Opinion

The wrong state of affairs

It wouldn’t be wrong to say that the issues with the Pakistan’s economy are deep rooted, while controllers of ...

Published 09 Feb, 2023 06:41am

Opinion

The 80/20 rule for maximising foreign exchange earnings

Pakistan’s economy has been facing a number of challenges in recent years, including low growth, high inflation,...

Published 06 Feb, 2023 06:20am

Editorials

A reminder of the flaws in economic policies

EDITORIAL: Match the rise in taxes to a cut in government expenditure is a cry gathering momentum not only amongst...

Published 01 Feb, 2023 05:58am

Opinion

PARTLY FACETIOUS: What’s the most dangerous job in Pakistan?

“The First Daughter Hath Spoken.” “Indeed after silence of around four months…” “But the silence did not...

Updated 31 Jan, 2023 06:35am

Business & Finance

SBP orders dealers to facilitate IT, ITeS exporters

ISLAMABAD: The State Bank of Pakistan has directed authorised dealers to swiftly facilitate IT and ITeS exporters,...

Published 31 Jan, 2023 06:01am

SBP denies USD rate capping caused loss

KARACHI: The State Bank of Pakistan (SBP) on Sunday rebutted the claim or reports that capping the price of dollar...

Updated 30 Jan, 2023 09:24am

Pakistan

SBP rebuts claim capping dollar price caused $3bn loss in remittances, exports

Central bank says decline in Pakistan’s exports and remittances result of a number of exogenous factors and domestic reasons

Updated 29 Jan, 2023 10:56pm

BR Research

CAD down; crisis up

The current account deficit stood at $400 million in Dec-22 and $1.2 billion for the second quarter – down by 78...

Published 20 Jan, 2023 09:12am

Business & Finance

Tarin sees negative GDP growth in LSM, agri, other sectors

LAHORE: Former federal finance minister and PTI Senator Shaukat Tarin has predicted that Pakistan would register a...

Updated 20 Jan, 2023 08:50am

Remittances, export proceeds: ECAP seeks special exchange rate

KARACHI: In order to enhance the foreign inflows, the Exchange Companies Association of Pakistan (ECAP) has...

Updated 17 Jan, 2023 11:22am

BR Research

Remittances and exchange rate volatility

Remittances in December 2022 fell for the fourth consecutive month declining by over three percent month-on-month on...

Published 16 Jan, 2023 09:33am

Business & Finance

Jul-Dec remittances fall 11pc to $14.1bn YoY

KARACHI: Inflows of home remittances recorded a decline of 11 percent during the first half of this fiscal year...

Published 14 Jan, 2023 06:22am

Markets

Remittances down 19% year-on-year, clock in at $2.04bn in December

Inflow declines for fourth successive month
Cumulative inflow during July-December 11.1% lower on yearly basis

Updated 13 Jan, 2023 09:02pm

TT charges against home remittances: Process of reimbursement streamlined

Gainers
Losers
Leaders

Stock	Price
First Pak Mod. / Mar 21 First Pak Modaraba(PAKMI)	1.52 ▲ 0.18 (13.43%)
Pak Agro Pack. (GEM) / Mar 21 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.88 ▲ 0.88 (11.00%)
Balochistan Glass / Mar 21 Balochistan Glass Limited(BGL)	13.30 ▲ 1.00 (8.13%)
Khyber Tex. / Mar 21 Khyber Textile Mills Limited(KHYT)	257.53 ▲ 17.96 (7.50%)
Allied Rent. / Mar 21 Allied Rental Modaraba(ARM)	27.83 ▲ 1.94 (7.49%)
Khairpur / Mar 21 Khairpur Sugar Mills Limited(KPUS)	61.69 ▲ 4.30 (7.49%)
Metro Steel / Mar 21 Metropolitan Steel Corporation Limited(MSCL)	27.55 ▲ 1.92 (7.49%)
Adamjee Life Assur. / Mar 21 Adamjee Life Assurance Company Limited(ALIFE)	18.43 ▲ 1.28 (7.46%)
John&Philips / Mar 21 Johnson & Phillips (Pakistan) Limited(JOPP)	38.95 ▲ 2.44 (6.68%)
Ismail Ind. / Mar 21 Ismail Industries Limited(ISIL)	487.74 ▲ 29.55 (6.45%)

Stock	Price
Jubile Life InsXD / Mar 21 Jubilee Life Insurance Company Limited(JLICL)	116 ▼ -25.68 (-18.13%)
Pak Gen.Ins. / Mar 21 The Pakistan General Insurance Co. Ltd.(PKGI)	3.76 ▼ -0.64 (-14.55%)
Dewan Textile / Mar 21 Dewan Textile Mills Limited(DWTM)	2.01 ▼ -0.32 (-13.73%)
Popular Islamic / Mar 21 Popular Islamic Modaraba(PIM)	7.05 ▼ -0.95 (-11.88%)
Habib Metropol. / Mar 21 Habib Metropolitan Bank Limited(HMB)	31.68 ▼ -4.04 (-11.31%)
Bankislami Pak. / Mar 21 BankIslami Pakistan Limited(BIPL)	10 ▼ -1.23 (-10.95%)
F.Treet Manuf / Mar 21 First Treet Manufacturing Modaraba(FTMM)	7.10 ▼ -0.75 (-9.55%)
B.O.Punjab / Mar 21 The Bank of Punjab(BOP)	4.07 ▼ -0.36 (-8.13%)
Kohat Textile / Mar 21 Kohat Textile Mills Limited(KOHTM)	11.55 ▼ -0.96 (-7.67%)
Pak Gulf Leasing / Mar 21 Pak-Gulf Leasing Company Limited(PGLC)	5.65 ▼ -0.46 (-7.53%)

Stock	Volume
Unity Foods Ltd / Mar 21 Unity Foods Limited(UNITY)	25,054,065 ▼ -0.06
WorldCall Telecom / Mar 21 Worldcall Telecom Limited(WTL)	16,643,395 ▲ 0.02
Fauji Foods Ltd / Mar 21 Fauji Foods Limited(FFL)	15,140,985 ▼ -0.12
Maple Leaf Cement / Mar 21 Maple Leaf Cement Factory Limited(MLCF)	9,688,020 ▲ 0.18
Pak Int.Bulk / Mar 21 Pakistan International Bulk Terminal(PIBTL)	6,626,500 ▼ -0.06
Dewan Motors / Mar 21 Dewan Farooque Motors Limited(DFML)	6,524,000 ▼ -0.28
Bankislami Pak. / Mar 21 BankIslami Pakistan Limited(BIPL)	5,405,500 ▼ -1.23
Cnergyico PK / Mar 21 Cnergyico PK Limited(CNERGY)	4,708,036 ▲ 0.10
Pak Elektron / Mar 21 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.34
Hascol Petrol / Mar 21 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	285.40
USD PKR Interbank Buying / Mar 21	283.90
USD to Japanese Yen / Mar 21	131.23
USD to Swiss Franc / Mar 21	0.93
Pound Sterling to USD / Mar 21	1.23
Euro to USD / Mar 21	1.07
UK LIBOR % / Mar 20	4.56

Stock	Volume
S&P 500 / Mar 20	3951.57
Tokyo Nikkei / Mar 20	26945.67
Nasdaq / Mar 20	11675.54
Dow Jones / Mar 20	32244.58
India Sensex / Mar 21	58074.68
Hang Seng / Mar 21	19128.12
FTSE 100 / Mar 21	7481.91
Germany DAX 30 / Mar 21	15117.14
France CAC40 / Mar 21	7112.90

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 20	19235
Gold 10 Grams PKR / Mar 20	177726
Crude Oil USD/Barrel / Mar 21	67.15
Gold Spot USD/Ounce / Mar 21	1982.31
Cotton US¢/pound / Mar 21	77.62

Remittances

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