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Remittances

GIDC Case: Supreme Court orders companies to pay Rs 417 billion

The panel rejected the petitions in a 2-1 verdict, ordering the companies to pay the Gas Infrastructure Development Cess.

Updated 17 Aug, 2020 12:48pm

Monitoring of remittances through NITB: SBP gives go ahead for setting up of int'l payment gateway

ISLAMABAD: The State Bank of Pakistan (SBP) has reportedly given go ahead for establishment of international payment...

Updated 13 Aug, 2020 03:32am

Markets

SC to announce its reserved judgment on GIDC tomorrow

ISLAMABAD: The Supreme Court will announce its reserved judgment on Gas Infrastructure Development Cess (GIDC)...

Published 12 Aug, 2020 02:58am

Business & Finance

$5 billion target set for export remittances through IT in next 3 years

ISLAMABAD: The government has set a target of $5 billion for export remittances through information technology and...

Published 11 Aug, 2020 03:08am

Business & Finance

Bank Alfalah, TerraPay partners to offer remittance payment service in Pakistan

Through this partnership, overseas Pakistanis will be able to use TerraPay’s partners’ network to instantly deposit money to any bank account in Pakistan.

Published 06 Aug, 2020 12:47pm

Business & Finance

Bank Alfalah and TerraPay to launch home remittance service

KARACHI: Bank Alfalah and TerraPay, a global payments infrastructure company, have announced a partnership for...

Published 06 Aug, 2020 02:56am

Households, small businesses: Decline in remittances to imply significant hardships: IMF

ISLAMABAD: The decline in remittances for economies such as Pakistan, where remittance inflows represented more than...

Published 05 Aug, 2020 03:00am

Markets

Baseline remittances: Pakistan can see 26.8pc decline: ADB

ISLAMABAD: Pakistan could see a decline of 26.8 percent from baseline remittances under the worst-case scenario, ...

Updated 04 Aug, 2020 03:26am

Business & Finance

ADB sees pandemic slashing 2020 global remittances by over $100bn

MANILA: Remittances across the world could decline by $108.6 billion this year as job losses mount and employers ...

Updated 04 Aug, 2020 03:08am

Business & Finance

Pakistan’s BOP position to improve on back of low trade deficit, remittances; Study

The report was of the view that as the number of daily new cases and deaths are falling, the country is likely to remain open, lowering the odds of a domestic supply disruption.

Published 03 Aug, 2020 12:29pm

Business & Finance

COVID-19 to hit hard Pakistan’s remittance inflows: ADB

“The COVID-19 pandemic is expected to hit remittances hard in Asia and the Pacific. In 2019, 6 of the 10 largest remittance recipients globally were from this region—India, the People’s Republic of China (PRC), the Philippines, Pakistan, Bangladesh, and Vietnam,” said ADB in its report.

Published 03 Aug, 2020 10:36am

Business & Finance

ADB sees pandemic slashing 2020 global remittances by over $100 billion

Money sent to Asia, where about a third of migrant workers worldwide come from, could fall by $54.3 billion, or about a fifth of baseline remittances, the Manila-based lender said in the report released on Monday.

Published 03 Aug, 2020 10:10am

Low remittances to exacerbate external positions: Moody's

ISLAMABAD: Lower remittances will exacerbate Pakistan's already weak external positions, says Moody's Investor...

Updated 28 Jul, 2020 03:52am

Technology

FY2019-2020: IT, ITeS export remittances surge by 23.71 percent

ISLAMABAD: The Information Telecommunication (IT) and IT enabled Services (ITeS) export remittances comprising...

Published 25 Jul, 2020 02:49am

Markets

SBP recognizes JS Bank role in driving home remittance

During the year, JS Bank recorded more than 1 million transactions with total remittance value standing at $738mn against $685mn recorded last year, showing an increase of over 7.7 percent.

Published 22 Jul, 2020 03:09pm

Markets

Workers' remittances to remain high

ARTICLE: The World Bank's estimates that $ 109 billion will be wiped out due to Covid-19, which is almost 1/5th ...

Published 18 Jul, 2020 02:47am

Markets

Rise in home remittances

EDITORIAL: Remittances rose to a historical high of 23.1 billion dollars in fiscal year 2019-20 with the June 2020...

Published 16 Jul, 2020 02:38am

Remittances hit historic high of $23.121bn

KARACHI: Pakistan has received all-time high over $23 billion home remittances inflows during the last fiscal year...

Updated 14 Jul, 2020 03:26am

Business & Finance

Pakistan receives 'record high' remittances in June

On a cumulative basis, workers’ remittances increased to another “historic high level’ of $23,120.7 million during FY20, witnessing a growth of 6.4pc over $ 21,739.4mn during FY19.

Published 13 Jul, 2020 03:29pm

Technology

IT, ITeS export remittances grow 20.75 percent in 11 months

ISLAMABAD: The Information Telecommunication (IT) and IT-enabled Services (ITeS) export remittances comprising...

Published 07 Jul, 2020 02:54am

Business & Finance

Transfast partners with HBL to facilitate Pakistani expatriates

As per details, the remittance facility between Transfast and HBL is now available to the Pakistani expatriates globally.

Published 24 Jun, 2020 11:09am

Business & Finance

Transfast partners with HBL for global remittances

KARACHI: Transfast, a leading cross-border payments service provider with presence in over 140 countries, has...

Published 24 Jun, 2020 03:13am

Millions of Pakistanis to get unemployed due to COVID-19, warns finance ministry

The ministry informed that the country’ s GDP growth prior to the outbreak of COVID pandemic the pandemic was expected to be 3.24pc, which has reduced to a negative 0.4pc during the ongoing fiscal year.

Published 05 Jun, 2020 02:24pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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