Trends - Remittances - Business Recorder

Remittances

Remittances, reserves and development

EDITORIAL: Inflow of remittances crossed the $20 billion mark in the first eight months (Jul-Feb) of the current...

Published 17 Mar, 2022 04:53am

BR Research

Remittances resilient?

The significance of remittances never declines for Pakistan, and substantial hopes are pinned to these foreign...

Published 14 Mar, 2022 05:47am

Workers’ remittances cross $20bn mark

KARACHI: Inflows of home remittances crossed $ 20 billion mark in the first eight months of this fiscal year ...

Published 11 Mar, 2022 05:12am

Markets

Remittances up 2% month-on-month, amount to $2.2bn in February

Cumulative amount for eight months of ongoing fiscal year hits $20.14 billion, up 7.6% year-on-year

Published 10 Mar, 2022 06:04pm

Markets

Roshan Digital Account: cumulative inflows reach $3.63bn

Published 08 Mar, 2022 10:25am

Markets

Rupee falls further against US dollar, nearing all-time low

Depreciates another 0.12% in inter-bank market on Thursday

Updated 03 Mar, 2022 07:10pm

Perspectives

Going digital: remittances and national development

The year 2021 was a record-breaking year for Pakistani remittances. Pakistani expats transferred $33 billion in ...

Published 21 Feb, 2022 09:36pm

BR Research

Have remittances peaked?

Where the upward momentum in home remittances continues with 7MFY22 aggregate at all-time high of $18 billion up by...

Published 15 Feb, 2022 08:25am

Pakistan

Remittances decline 14.9% month-on-month, amount to $2.14bn in Jan

SBP data shows total workers' remittances during 7MFY22 amount to $18bn, 9.1% higher

Published 11 Feb, 2022 08:06pm

BR Research

Remittances remain resilient

The momentum in inward remittances is continuing to grow. The number has crossed $30 billion for the first time in a...

Published 17 Jan, 2022 08:01am

Remittances up 11.3pc in 1HFY22

KARACHI: The workers’ remittances have increased by 11.3 percent to $15.8 billion during the first half of current...

Updated 15 Jan, 2022 09:47am

UN projects 3.9pc growth for Pakistan in 2022

ISLAMABAD: Pakistan’s GDP growth is projected at 3.9 percent in 2022, driven by private consumption, record high...

Updated 15 Jan, 2022 12:30pm

BR Research

Remittances: slowing down?

While the upbeat momentum of home remittances continues - with 5MFY22 aggregate close to $13 billion up by 9.7...

Published 15 Dec, 2021 09:05am

Jul-Nov remittances post 10pc growth YoY

KARACHI: Inflows of home remittances posted a 10 percent growth during the first five months of this fiscal year,...

Updated 14 Dec, 2021 10:06am

BR Research

Service imports: Where the real juice is

Government authorities are mulling over options to restrict import of non-essential goods and “curb the...

Published 01 Dec, 2021 08:02am

Editorials

SBP’s informed perspective

EDITORIAL: State Bank of Pakistan’s (SBP’s) annual report on Pakistan’s economy 2020-21 claims that growth...

Published 29 Nov, 2021 06:16am

BR Research

Current Account roundup: 4MFY21

The current account slippage is not coming under control. The deficit stood at $1.7 billion in October – biggest...

Published 22 Nov, 2021 07:20am

BR Research

Remittances: exuberance continues

The upbeat momentum of home remittances continues. The toll stood at $2.5 billion in Oct21 – eight consecutive...

Updated 16 Nov, 2021 07:41am

BR Research

Currency: Fasten your seat belts

The pressure on the currency is building again. The PKR/USD bounced back from 175, after the news of deferred oil...

Updated 12 Nov, 2021 08:00am

Opinion

CAD - cause for concern

Current account deficit (CAD) is again becoming a source of concern to policymakers with many independent economists...

Published 25 Oct, 2021 05:32am

BR Research

Remittances are roaring!

Remittances to Pakistan have been on a constant uptrend - continuing to cool down a heated economy. Remittances have...

Published 12 Oct, 2021 07:35am

Pakistan

Overseas Pakistanis' role praised

ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib has said that overall remittances in the...

Published 11 Oct, 2021 06:43am

Overseas Pakistanis sent $2.7bn remittances in Sept: Farrukh

ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib has said Pakistani expatriates sent $2.7...

Updated 10 Oct, 2021 09:32pm

Overseas Pakistanis: NRLP incentives may be partially withdrawn

ISLAMABAD: The government is likely to partially withdraw incentives offered to Overseas Pakistanis under National...

Updated 07 Oct, 2021 09:50am

Tax Laws (Third Amend) Ord: Remittances via MCBs, ECs and MTOs given legal cover

ISLAMABAD: The government has given legal cover to the foreign remittances through Money Service Bureaus (MCBs),...

Updated 19 Sep, 2021 12:06pm

BR Research

Remittances on a roll

Again, the remittances are lending support to the country’s external position as the trade deficit deteriorates....

Published 13 Sep, 2021 07:35am

Business & Finance

SBP carries out survey on remittances trend

LAHORE: The State Bank of Pakistan (SBP) in collaboration with Ministry of Planning, Development and Special...

Published 19 Aug, 2021 04:15am

BR Research

Remittances sustaining momentum

Monthly remittances coming from overseas Pakistanis seem much more sustainable today than they were last year when...

Published 12 Aug, 2021 07:35am

$2.7bn remittances arrive in July

KARACHI: With $2.7 billion inflows, workers' remittances maintained strong trend in the first month of this fiscal...

Published 11 Aug, 2021 04:57am

BR Research

Emigration policy in the offing?

The government(s) of Pakistan have always been proud and thankful to the remittances sending overseas workers. There...

Published 05 Aug, 2021 08:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Cotton US¢/pound / May 10	78.18
Petrol/Litre / May 11	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Remittances

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