Trends - Remittances - Business Recorder

Remittances

Rupee remains stable against US dollar

Currency remains unchanged, closes at 224.71

Updated 15 Dec, 2022 07:50pm

BR Research

Remittances - the slide continues

Remittances sent back home from overseas Pakistanis continue to slide. Remittances during November 2022 declined by...

Published 15 Dec, 2022 07:26am

Markets

Pakistan: where formal channels suffer, and 'grey' markets prosper

Pakistan’s inability to curb the rise of smuggling and enforce regulation has enabled the ‘grey’ currency market to...

Updated 14 Dec, 2022 07:57pm

Business & Finance

Everyone concerned over economic, financial crisis: UBG

KARACHI: President of the United Business Group (UBG) Zubair Tufail has said that the country’s economic and...

Published 14 Dec, 2022 05:57am

BR Research

More SBP curbs

With forex reserves depleting fast, SBP is trying to do anything under the sun to control the outflows. The latest...

Published 13 Dec, 2022 08:58am

Business & Finance

Globalisation versus regionalism: Proximity advantage could cut cost of trade: ex-BoI chief

ISLAMABAD: Former chairman of Board of Investment (BoI), Haroon Sharif Monday while shedding light on major...

Published 06 Dec, 2022 05:58am

Business & Finance

Remittances may drop by 7.4pc to $29bn: World Bank

ISLAMABAD: Remittances are expected to drop by 7.4 percent to $29 billion in 2022 from $31 billion in 2021, as loss...

Updated 02 Dec, 2022 10:21am

Opinion

Lack of financial prudence

This is apropos a Business Recorder op-ed “Waiting for ‘manna from heaven’” carried by the newspaper...

Updated 01 Dec, 2022 06:25am

World Bank says growth to slow to 2pc next year

WASHINGTON: Remittances to low- and middle-income countries grew by nearly 5% to around $626 billion in 2022 - about...

Published 01 Dec, 2022 05:47am

World

World Bank says remittances up 5% in 2022, but growth to slow to 2% next year

WASHINGTON: Remittances to low- and middle-income countries grew by nearly 5% to around $626 billion in 2022 - about...

Published 30 Nov, 2022 08:35pm

Business & Finance

Monthly economic update, outlook: Manageable CAD, its guaranteed financing required: FD

ISLAMABAD: The Finance Division has acknowledged that a manageable current account deficit and its guaranteed...

Published 30 Nov, 2022 07:01am

Opinion

Waiting for ‘manna from heaven’

After the receding flood waters from hell, the GOP is now waiting anxiously for ‘manna from heaven’ from heavenly...

Published 30 Nov, 2022 06:23am

Opinion

There’s a need for belt-tightening measures

To market participants’ surprise, SBP (State Bank of Pakistan) has increased the policy rate by one percent (100...

Published 28 Nov, 2022 06:18am

Opinion

Adding to pressure on PKR

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan seems to have stated the obvious. In other words, he has said...

Published 19 Nov, 2022 06:42am

BR Research

Remittances continue to weaken

The balance of payment crisis is at its worst in the country and the remittances are not helping. The remittances...

Published 14 Nov, 2022 08:51am

Business & Finance

Jul-Oct remittances down 9pc YoY

KARACHI: Inflows of home remittances fell by 9 percent during the first four months of this fiscal year (FY23) as...

Published 12 Nov, 2022 05:55am

Markets

'Illegal channels take toll' as remittances fall nearly 16% in October

Inflow drops to $2.2 billion, lowest since February 2022
Decline attributed to rise in informal channels and global economic slowdown

Updated 11 Nov, 2022 10:26pm

Business & Finance

Bank of AJK: Remittances cross record high of Rs3.5bn

MUZAFFARABAD: Bank of Azad Jammu and Kashmir’s remittances (home remittances) crossed the highest level of 3.5...

Published 06 Nov, 2022 03:44am

BR Research

Remittances and the active grey market

Still hovering above the $2 billion mark,remittances are depicting a decline. The home remittances decreased by 10.5...

Published 13 Oct, 2022 09:31am

Business & Finance

Q1 remittances fall over 6pc YoY

KARACHI: Workers’ remittances fell over 6 percent during the first quarter (July-Sept) of this fiscal year due to...

Updated 12 Oct, 2022 09:32am

Business & Finance

Remittances fall 12.3% in September 2022, amount to $2.4 billion

Decline attributed to post-Covid travel activities

Updated 11 Oct, 2022 06:43pm

Editorials

Spurring forex inflows need of the hour

EDITORIAL: Home remittances inched up from the previous month to $2.7 billion in August 2022. However, in the first...

Published 16 Sep, 2022 06:04am

BR Research

Remittances intact – for now

The first two months of FY23 have posted a decline of 3.2 percent year-on-year. After a weakJuly, August 2022 ...

Published 14 Sep, 2022 08:49am

Business & Finance

Aug remittances post 8pc growth MoM

KARACHI: Inflows of workers’ remittances posted 8 percent growth during August 2022, the State Bank of Pakistan...

Published 14 Sep, 2022 04:45am

Opinion

Economy: no light at the end of the tunnel

In my personal view a primary problem with regard to Pakistan’s economy is that there is a lack of complete and...

Published 07 Sep, 2022 04:13am

Opinion

Pakistan – a perennial Fund borrower

Twenty-third International Monetary Fund (IMF) programme, on average three year per programme, in our 75 years of...

Updated 29 Aug, 2022 02:46pm

BR Research

MCB: Strong dividend continues

MCB Bank Limited (MCB) continued with the tradition of rich dividends to shareholders, announcing another Rs4/share...

Published 23 Aug, 2022 08:39am

Editorials

Need to keep remittances elevated

EDITORIAL: After the good news of imports dropping almost 40pc month-on-month in July comes the bad news of...

Published 21 Aug, 2022 05:16am

BR Research

Remittances slip

Growth in remittances has been phenomenal. However, remittance in July 2022 saw a dip of almost 8 percent...

Published 19 Aug, 2022 08:54am

Monthly salary of master mariner on foreign vessel: FBR cannot impose tax on remittances: FTO

ISLAMABAD: The Federal Tax Ombudsman (FTO) was taken aback as to how the Federal Board of Revenue (FBR) can impose a...

Updated 18 Aug, 2022 09:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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