Trends - Remittances - Business Recorder

Remittances

Pakistan 'well-positioned for growth' but concerns remain, says Citi

Rizwan Shaikh, head of EMEA Emerging Markets Corporate Banking, terms vaccination speed key factor in pace of recovery
Citi Country Officer Ahmed Bozai says Pakistan's market has depth, but rise of global commodity prices remains concern

Published 14 Jul, 2021 08:30am

Opinion

Remittances: SBP deserves a lot of praise

The country's remittances hit an all-time high of USD 29,370.9 million. When I wrote (July 18, 2020 article in...

Published 14 Jul, 2021 03:59am

Business & Finance

Bank deposits show double-digit growth in FY21: report

Pace of increase fastest in 14 years, says Topline Securities

Published 13 Jul, 2021 05:01pm

Business & Finance

Pakistan's remittances reach historic high of $29.4 billion in FY21

Post 27% year-on-year increase with inflows dominated by remittances from Saudi Arabia, UAE, UK, and US

Updated 13 Jul, 2021 01:14pm

BR Research

RDA: time to rationalize rates?

Roshan Digital Accounts (RDA) is picking up pace. The run rate (flow) is around $250 million a month currently. The...

Published 29 Jun, 2021 07:30am

BR Research

Saving the current account

Early signs of current account slippages are becoming visible. The deficit stood at $632 million in May 21, and the...

Updated 28 Jun, 2021 10:23am

Business & Finance

Current account posts massive $632m deficit in May 2021

This is the highest monthly deficit since December 2019

Updated 25 Jun, 2021 08:40pm

BR Research

Workers’ remittances and its meritorious growth

Overseas remittances are among the key drivers for economic recovery spelled out by the latest Economic Survey of...

Published 11 Jun, 2021 07:35am

JP Morgan expects ‘100bps policy rate hike later this year’

ISLAMABAD: There have been some positive developments on the economic front in Pakistan, but challenges including...

Published 11 Jun, 2021 03:41am

JP Morgan puts weight behind Pakistan's economy, but cautions over challenges

In its report, 'Pakistan: Reassessing the investment thesis', JP Morgan says impact of remittances to fade in coming months

Updated 10 Jun, 2021 09:47pm

Business & Finance

Remittances increase 34% year-on-year to near $2.5 billion in May

Figure for 11 months of ongoing fiscal year over $26.7 billion, up 29.4%

Published 10 Jun, 2021 12:00pm

BR Research

Currency and the REER view

The currency is under pressure for the past few days. There are some traditional payments pressure due in June. The...

Published 09 Jun, 2021 07:25am

Business & Finance

‘Remittances only hope to support account balance’

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel Chairman Mian Anjum Nisar...

Published 31 May, 2021 03:12am

BR Research

Current account surplus: What lies ahead

As expected, the current account deficit remained mild at $200 million in April 2021. The 10MFY21 surplus is ...

Updated 26 May, 2021 11:19am

Business & Finance

Economic revival on 'sound footing' says SBP, as CAB post $200mn deficit

The central bank added that through the first 10 months of the ongoing fiscal year, CAB remains in surplus of $800mn, which is “a significant turnaround from the $4.7bn deficit during the same period last year.

Published 25 May, 2021 01:36pm

Pakistan

Remittances increasing due to govt’s positive policies: PBIF chief

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum...

Published 23 May, 2021 03:06am

Editorials

Remittances: We must conserve momentum

EDITORIAL: One economic indicator that surprised many during the pandemic was home remittances. Intuitively, the...

Published 21 May, 2021 05:04am

BR Research

Remittances proving rock solid

As per the State Bank of Pakistan’s latest data. remittances in April 2021 stood at almost $2.8 billion. while the...

Published 19 May, 2021 07:35am

Pakistan

Zulfi for digital challenger bank to boost remittances

Zulfikar Bukhari told the media that the Roshan Digital Account was a step towards the digital challenger bank.

Published 17 May, 2021 07:30pm

PM pays tribute to expats over rise in remittances

JEDDAH: Prime Minister Imran Khan Sunday said that the country was passing through a decisive moment and the ...

Updated 10 May, 2021 10:22am

Opinion

Country’s diplomatic missions abroad

Overseas Pakistanis have been playing the most important role in propelling the country’s fragile economy through...

Published 10 May, 2021 04:54am

Business & Finance

IT industry achieves 43.61pc growth

ISLAMABAD: Information Technology and Telecommunication Industry has achieved 43.61 percent growth rate compared to...

Updated 10 May, 2021 10:18am

BR Research

Current account: will the march continue?

Another month of current account (almost) in balance. Based on PBS trade data, market had expected a deficit of over...

Published 26 Apr, 2021 07:25am

BR Research

What do exporters want?

During an active pandemic, Pakistan’s exports remain sticky around $2 billion per month level during 9MFY21. That...

Published 22 Apr, 2021 07:25am

Markets

Remittances from UAE to Pakistan bound to increase significantly in Ramadan

A double-digit growth in remittances is expected during Ramadan, with the best performing corridors being India, Pakistan, Egypt, Bangladesh and Indonesia.

Published 15 Apr, 2021 12:00pm

BR Research

Remittances – the splendid growth streak persists.

As per the State Bank of Pakistan’s official data. remittances in March 2021 stood at $2.725 billion, up by 43...

Published 14 Apr, 2021 07:25am

Markets

USD to decline further against PKR; Expert anticipates record Remittances in Eid season

“Each month $300 to $400 million dollars are coming into interbank market through exchange companies which have led to the rise in foreign exchange reserves and strengthen the local currency,” he said.
Malik Bostan informed that Pakistan has become the fourth largest in terms of remittance inflows, with India at the top followed by China and the Philippines.

Published 13 Apr, 2021 02:11pm

July-March remittances up 26pc YoY

KARACHI: Workers’ remittance sent by overseas Pakistanis rose by 26 percent during the first nine months of this...

Updated 13 Apr, 2021 09:29am

Pakistan

Country witnesses increase of 26pc in remittances: PM

He said the overseas Pakistanis sent over two billion dollars for tenth straight months despite Covid-19, breaking all records.

Published 12 Apr, 2021 06:25pm

BR Research

Grab that low hanging fruit

To many, the rise in repatriation of profits and dividend by foreign direct investors is a sign of investor...

Published 01 Apr, 2021 07:35am

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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