The cost of anti-export bias Our country in general and our bureaucracy in particular have a strange bias against exports and a particular... Published 13 Jun, 2023 06:00am
Markets Inflationary pressure to persist in May, warns Ministry of Finance Inflation in May is expected to be in the range of 34-36%, says Monthly Economic Update & Outlook Published 30 May, 2023 06:38pm
Opinion ‘Political despondency and economic despair’ This is apropos a Business Recorder editorial “Political despondency and economic despair” carried by the... Published 30 May, 2023 03:37am
Opinion The need to give dialogue a chance It’s time for a new Code of Conduct to uphold the Constitutional acceptance of, and adherence to, authority. Each... Published 26 May, 2023 06:48am
Print Rs67bn loss caused thru misuse of subsidised RLNG for EoUs ISLAMABAD: Directorate General of Audit Petroleum and Natural Resources has found shortcomings in supply of... Updated 23 May, 2023 08:52am
Pakistan Macroeconomic conditions deteriorated during first half FY23: SBP Central bank says adverse global economic conditions, uncertainty surrounding IMF programme are major concerns Published 19 May, 2023 05:05pm
Print Jul-Apr ITeS export remittances down 3pc to $2.133bn YoY ISLAMABAD: Pakistan’s IT and IT-enabled Services (ITeS) export remittances declined by three percent during the... Updated 18 May, 2023 09:32am
Print Second consecutive month: Pakistan posts $18m current account surplus in April KARACHI: For the second consecutive month, Pakistan has posted a current account surplus in April 2023 mainly due to... Updated 17 May, 2023 09:52am
Editorials Decline in workers’ remittances EDITORIAL: Remittance inward flows declined to 22.74 billion dollars July-April 2023 against 26.14 billion dollars ... Published 16 May, 2023 03:23am
Business & Finance 35pc retention of remittances in FCY accounts: SBP to coordinate to help resolve banking matters ISLAMABAD: The State Bank of Pakistan (SBP) will coordinate to engage commercial bank representatives with the... Published 13 May, 2023 05:59am
BR Research A dip in remittances… After posting a seven month high in March-23, remittances dipped in April-23 by 29 percent year-on-year. Though ... Published 12 May, 2023 09:17am
Business & Finance July-April remittances decline 13pc to $22.74bn YoY KARACHI: Workers’ remittances fell by 13 percent during the first ten months of this fiscal year (FY23) as ... Published 11 May, 2023 05:54am
Print SECMC’s forex-related issues: Sindh seeks Dar’s support ISLAMABAD: The Government of Sindh (GoS) has sought Finance Minister’s help for opening of LCs and remittances for... Updated 26 Apr, 2023 08:50am
Opinion Remittances: boon or bane for growth?–II The Dutch Disease is characterized by a rapid increase in one sector at the cost of other sectors. Firstly, the... Updated 20 Apr, 2023 07:03am
Business & Finance C/A posts $654m surplus in March KARACHI: The country’s current account posted a surplus of $654 million in March after a gap of over two years... Published 20 Apr, 2023 06:30am
Business & Finance TAAP team meets FPCCI chief: ‘Massive mismanagement in forex blocks remittance of airlines’ proceeds since 10 months’ KARACHI: Irfan Iqbal Sheikh, President FPCCI, has apprised the federal government, State Bank, Civil Aviation... Published 20 Apr, 2023 06:30am
Markets Rupee stays stable against US dollar, settles at 283.89 Currency registers a gain of Re0.01 in the inter-bank market Updated 19 Apr, 2023 06:27pm
Opinion Remittances: boon or bane for growth?–I Pakistan is the sixth largest recipient of remittances in the world, with the State Bank of Pakistan declaring a... Published 19 Apr, 2023 06:36am
Business & Finance Bank Alfalah, SendSpend team up for remittance transfers from UK KARACHI: Bank Alfalah, one of the largest commercial banks in Pakistan, has collaborated with SendSpend, which is... Published 18 Apr, 2023 06:21am
Editorials Rise in workers’ remittances EDITORIAL: The State Bank of Pakistan (SBP) website notes a rise in March 2023 remittances to 2.532 billion dollars... Updated 13 Apr, 2023 07:06am
BR Research Remittances uptick Remittances for March-23 have posted a growth of over 27 percent month-on-month as per the recently announced data ... Published 11 Apr, 2023 08:58am
Business & Finance March workers’ remittances hit 7-month high of $2.5bn KARACHI: Pakistan received seven months’ high $2.5 billion home remittances during March 2023, mainly due to rise in... Published 11 Apr, 2023 03:44am
Markets Overseas workers' remittances up 27.4% MoM, clock in at $2.5bn in March Inflow highest since August 2022, attributed to Ramadan factor Cumulative figure for July to March 2022-23 stands at $20.527bn, 10.8% lower year-on-year Updated 10 Apr, 2023 04:13pm
Print Remittances: APL says can invoke force majeure ISLAMABAD: M/s Atlas Power Limited (APL) has warned the government that it would announce force majeure under the... Updated 29 Mar, 2023 09:03am
BR Research 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
Print 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