Trends - Remittances - Business Recorder

Remittances

‘Fintech platforms making remittances more affordable, reliable’

ISLAMABAD: Murtaza Ali, Head of JazzCash, spoke at the Dubai Fintech Summit, highlighting that fintech platforms are...

Published 18 May, 2024 05:45am

Pakistan

Pakistan’s current account posts surplus of $491mn in April 2024

Overall, during 10 months of ongoing fiscal year, current account balance stands at deficit of $202mn

Updated 17 May, 2024 07:43pm

BR Research

Remittances staying buoyed

The need for overseas Pakistanis to send in remittances is never overestimated in Pakistan as there never is a time...

Published 14 May, 2024 09:33am

April remittances up 27.9pc to $2.8bn YoY

KARACHI: The inflows of workers’ remittances have increased by 27.9 percent on year-on-year basis to $2.8 billion...

Updated 10 May, 2024 09:23am

Markets

Pakistan’s remittances clock in at $2.8bn in April, up 27.9% YoY

Inflow declines 4.8% on a monthly basis

Published 09 May, 2024 11:14pm

Business & Finance

IT, ITeS export remittances up 17.37pc in first 8 months

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

Published 23 Apr, 2024 03:41am

Pakistan

Pakistan’s current account posts surplus of $619mn in March

Monthly surplus highest after nine years, and the third highest in Pakistan's history

Updated 22 Apr, 2024 10:23pm

Pakistan

Aurangzeb says IMF ‘very receptive’ in agreeing to ‘larger, longer programme’: report

Federal Minister for Finance Muhammad Aurangzeb has said Pakistan is on track to secure a new deal with the...

Published 22 Apr, 2024 03:39pm

SBP’s reserves up $14.4m to $8.055bn

KARACHI: Despite repayment of dollar one billion external debt, the State Bank of Pakistan (SBP) successfully...

Updated 19 Apr, 2024 09:02am

Editorials

Surge in remittances

EDITORIAL: Remittances in March 2024 soared to 2,953.7 million dollars against 2,250.1 million dollars the month...

Published 17 Apr, 2024 05:28am

BR Research

Ramazan and the remittance rush

Remittances hold a crucial place in Pakistan’s economy. So crucial that the remittances in Pakistan have been...

Published 15 Apr, 2024 08:12am

Markets

Largely stable

KARACHI: The rupee remained largely stable against the US dollar in a shorter week due to Eid holidays. The local...

Published 15 Apr, 2024 03:56am

Business & Finance

March worker remittances record growth of 31pc MoM

KARACHI: Inflows of workers remittance recorded a healthy growth of 31 percent in March 2024 compared to February...

Updated 09 Apr, 2024 09:48am

Markets

Pakistan’s remittances jump to $3bn in March, up 31.3% MoM

On year-on-year basis, inflow increases 16.4%

Updated 08 Apr, 2024 10:09pm

Business & Finance

Bank AL Habib and ACE Money Transfer partner again to empower overseas Pakistanis

LAHORE: Understanding the crucial role remittances play in Pakistan’s economic well-being, especially during the...

Published 01 Apr, 2024 05:34am

Business & Finance

Jul-Feb ITeS export remittances rise 14.9pc to $1.977bn YoY

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

Updated 20 Mar, 2024 10:44am

Opinion

Self-sufficiency versus loan dependence

As Pakistan steps into critical discussions with the International Monetary Fund (IMF), it’s confronting immense...

Published 18 Mar, 2024 04:56am

Business & Finance

Jul-Feb remittances down 1.2pc to $18.1bn YoY

KARACHI: The country received home remittances amounted to $ 18.1 billion during the first eight months of this...

Published 09 Mar, 2024 04:59am

Markets

Pakistan’s remittances clock in at $2.25bn in February, up 13% YoY

However, inflows decrease 6% on a monthly basis

Updated 08 Mar, 2024 11:36pm

Online freelancers: PayPal remittances from this month: minister

Islamabad: Pakistan online freelancers will be able to receive PayPal remittances starting this month through a...

Updated 03 Mar, 2024 08:19pm

BR Research

Remittances amid higher emigration

Remittances to Pakistan for January 2024 were seen rising by 26 percent year-on-year and by less than a percent...

Published 13 Feb, 2024 09:07am

Business & Finance

Jan remittances up 0.6pc to $2.397bn MoM

KARACHI: The country received worker’s remittance inflows of $ 2.4 billion during January 2024. The State Bank of...

Published 13 Feb, 2024 05:59am

Markets

Pakistan’s remittances clock in at $2.4bn in January, up 26% YoY

However, inflow increase only 1% on a monthly basis

Updated 12 Feb, 2024 10:40pm

Challenges of inflation persist: MoF

ISLAMABAD: The Finance Ministry has said the challenges of inflation persist in the forms of supply chain...

Updated 01 Feb, 2024 08:58am

Forex repatriation against remittances: Govt striving to ink G2G pact with Saudi Arabia, UAE

ISLAMABAD: The government is reportedly making hectic efforts for a government-to-government (G2G) agreement with...

Updated 23 Jan, 2024 09:41am

Business & Finance

Dec CA posts surplus of $397m

KARACHI: The country’s current account has improved significantly and recorded a $ 397 million surplus in December...

Published 18 Jan, 2024 05:54am

Editorials

Remittance inflows

EDITORIAL: Home remittances rose by 13.4 percent in December 2023 compared to the same month a year ago - to 2.4...

Published 15 Jan, 2024 05:03am

BR Research

Remittances 1HFY24

The worker remittances into the country witnessed a respite in December 2023 as the latest data by the central bank...

Published 11 Jan, 2024 09:14am

Business & Finance

Dec workers’ remittances post 5.4pc growth MoM

KARACHI: Inflows of workers’ remittances recorded 5.4 percent growth in December 2023 compared to November 2023, the...

Updated 11 Jan, 2024 09:56am

Pakistan

Pakistan’s remittances clock in at $2.4bn in December, up 5.4% from November

Inflow 13.4% higher on yearly basis, Saudi Arabia remains biggest source of remittances in December

Updated 10 Jan, 2024 10:36pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 27	278.43
USD PKR Interbank Buying / May 27	278.23
USD to Japanese Yen / May 28	157.24
USD to Swiss Franc / May 28	0.91
Pound Sterling to USD / May 28	1.28
Euro to USD / May 28	1.08

Stock	Volume
S&P 500 / May 28	5306.04
India Sensex / May 28	75170.45
Tokyo Nikkei / May 28	38790.40
Nasdaq / May 28	17019.88
Hang Seng / May 28	18612.70
FTSE 100 / May 28	8254.18
Dow Jones / May 28	38852.86
Germany DAX 30 / May 28	18677.87

Item	Value
Karachi Cotton PKR/37.32 KG / May 27	19935
Crude Oil USD/Barrel / May 28	80.12
Gold 10 Grams PKR / May 28	206018
Gold Spot USD/Ounce / May 28	2358.18
Cotton US¢/pound / May 28	78.80
Petrol/Litre / May 29	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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