Trends - Remittances - Business Recorder

Remittances

Remittances – no high hopes

Remittances numbers announced recently have been disappointing. They might have posted a growth of around 4 percent...

Published 12 Dec, 2023 09:10am

Business & Finance

How to increase remittances: LCCI for offering incentives to overseas Pakistanis

LAHORE: Trust building, encouragement and the lucrative incentives to the overseas Pakistanis can multiple the...

Published 11 Dec, 2023 06:41am

Business & Finance

Jul-Nov remittances down 10pc to $11.045bn YoY

KARACHI: Inflows of worker’s remittances posted a decline of over 10 percent during the first five months of this...

Published 09 Dec, 2023 05:46am

Pakistan

Pakistan’s remittances clock in at $2.3bn in November, down 8.6% on monthly basis

On yearly basis, inflow up 3.6%

Published 08 Dec, 2023 10:04pm

BR Research

Currency diary

On the face of it, the currency market is moving smoothly. There is no stress in the market. The currency is...

Published 06 Dec, 2023 09:02am

Editorials

Nov economic update: discernable recovery

EDITORIAL: The Finance Division as per practice uploaded the Monthly Economic Update and Outlook for November 2023...

Published 06 Dec, 2023 04:27am

Pakistan

Pakistan’s current account deficit clocks in at $74m in October

Total imports stand at $5.17bn against $5.35bn in the same period of previous year

Updated 20 Nov, 2023 10:20pm

Business & Finance

Exports: PBF demands govt issue 15pc rebate for one year

KARACHI: The Pakistan Business Forum (PBF) has demanded the government to issue 15 percent rebate for a period of ...

Published 17 Nov, 2023 06:06am

BR Research

Remittance respite

Remittances to the country stood at $2.5 billion in October 2023, which is 9.6 percent up from the previous month...

Published 13 Nov, 2023 06:47am

Business & Finance

Oct remittances up 9.6pc to $2.463bn YoY

KARACHI: Inflows of workers’ remittances recorded a notable 10 percent growth during October 2023 compared to the...

Published 11 Nov, 2023 06:30am

Markets

Pakistan’s remittances clock in at $2.5bn in October, up 11.5% on monthly basis

On yearly basis, inflow up nearly 10%

Updated 10 Nov, 2023 10:13pm

Business & Finance

BMP highlights significance of inward foreign flows

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has said that...

Published 06 Nov, 2023 05:27am

SBP, AMF sign MoU to facilitate cross-border remittances

KARACHI: The Arab Monetary Fund (AMF) and the State Bank of Pakistan (SBP) has signed a Memorandum of Understanding...

Updated 04 Nov, 2023 04:10pm

Markets

SBP, Arab Monetary Fund sign MoU to facilitate cross-border remittances

Pakistan’s Raast and AMF-owned Buna payment systems will be linked to enable real-time, cross-border payments for overseas Pakistanis

Updated 03 Nov, 2023 07:54pm

Remittance inflows likely to recover

Experts say that improvement inflows likely as PKR marked a significant comeback against US dollar in interbank and open market in last few weeks

Updated 30 Oct, 2023 10:05am

SBP expects increase in home remittances

KARACHI: With a significant increase in the labour migration, the State Bank of Pakistan (SBP) is expecting...

Updated 25 Oct, 2023 08:42am

BR Research

Demand destruction at play

The current account almost stood in balance (deficit of $8 mn) in September due to lower import payment bill. The...

Published 24 Oct, 2023 08:17am

Q1 IT, ITeS export remittances up 3.3pc to $655m YoY

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

Updated 21 Oct, 2023 04:50pm

Sept CA deficit shrinks to stand at $8m

KARACHI: The country’s current account deficit declined to $8.0 million in September 2023 as compared to the current...

Updated 20 Oct, 2023 09:03am

Editorials

Filling the cracks in the system

EDITORIAL: The crackdown on smuggling and illegal business of some exchange companies is yielding results in the...

Published 16 Oct, 2023 05:47am

Opinion

Economic impasse and political instability

The economic challenges of Pakistan are appallingly enduring, and unless we effectively address fiscal discipline...

Updated 13 Oct, 2023 06:26am

BR Research

Remittance slowdown

Remittances inflows stood at $2.2 billion in September which is up by 5 percent from the previous month and down by...

Published 11 Oct, 2023 08:50am

Sept workers’ remittances up 5pc to $2.206bn MoM

KARACHI: Inflows of workers’ remittances posted an increase of over 5 percent in September 2023 compared to August...

Updated 11 Oct, 2023 11:03am

Pakistan

Pakistan’s remittances clock in at $2.2bn in September, 5.5% higher on monthly basis

However, inflow 11% lower year-on-year
Cumulative figure for July-September stands at $6.33bn, nearly 20% lower compared with same three-month period of FY23

Updated 10 Oct, 2023 10:42pm

Business & Finance

Growing national debt termed ‘a bad omen’

KARACHI: Pakistan’s total debt (external and domestic) is on surge, reaching the historic mark of Rs. 64 trillion...

Published 09 Oct, 2023 06:24am

Editorials

Caretakers’ approach to economic impasse

EDITORIAL: The Caretaker government’s discernible approach to dealing with the economic impasse is twofold: ...

Published 03 Oct, 2023 06:02am

BR Research

Currency – the pendulum swing

PKR’s slow and steady appreciation continues in the interbank market, as PKR/USD has reached 290 from 307 in 16...

Updated 26 Sep, 2023 09:00pm

‘Diamond’ category in Sohni Dharti Remittance Programme launched

KARACHI: The State Bank of Pakistan (SBP) has announced the launch of Diamond Category in the Sohni Dharti...

Updated 23 Sep, 2023 08:56am

BR Research

Current account roundup: Aug 2023

The current account is coming back to manageable levels in August – departure from a sudden spike in the last month....

Published 18 Sep, 2023 08:58am

Editorials

Big decline in remittances

EDITORIAL: Remittance inflows declined during the first two months of the current fiscal year against the comparable...

Published 15 Sep, 2023 06:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.64
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.07

Stock	Volume
S&P 500 / Apr 19	4967.23
India Sensex / Apr 19	73088.33
Tokyo Nikkei / Apr 19	37068.35
Nasdaq / Apr 19	15282.01
Hang Seng / Apr 19	16224.14
FTSE 100 / Apr 19	7895.85
Dow Jones / Apr 19	37986.40
Germany DAX 30 / Apr 19	17737.36

Item	Value
Crude Oil USD/Barrel / Apr 19	83.14
Karachi Cotton PKR/37.32 KG / Apr 19	21035
Gold 10 Grams PKR / Apr 19	214935
Gold Spot USD/Ounce / Apr 19	2391.93
Cotton US¢/pound / Apr 19	81.02
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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