Tue, 21-Oct-2025

In 11 months, workers’ remittances increased by 6.3 percent to $28.4 billion

remittances

The overseas Pakistani workers’ remittances grew by 6.3 percent in 11 months (Jul-May) of current fiscal year to $28.4 billion against inflows of $26.7 billion in same period of previous year. Remittances’ inflows during May 2022 were mainly sourced from Saudi Arabia ($541.9 million), United Arab Emirates ($435m), United Kingdom ($354m) and the United States … Read more

Rupee gains on remittances inflows Staff

pak rupee

KARACHI: The Pakistani rupee on Fridayappreciated against the dollar after declining for four straightsessions amid inflows of workers’ remittances, dealers said. The local unit gained 27 paisas to close atRs186.70 to the dollar from the previous day’s closing of Rs186.97 in theinterbank foreign exchange market. The rupee recorded decline for the previousfour straight sessions during the outgoing … Read more

Pakistan to gain foreign inflows worth $8 billion

pakistan

KARACHI: Taking more than a normal course of time of two weeks, the International Monetary Fund (IMF) programme with Pakistan is slated to resume after the Executive Board meets on February 2, 2022, as the implementation of prior actions, related to fiscal and institutional reforms, are now complete after parliamentary approval of the State Bank … Read more

Foreign inflows in Saudi capital market reaches nearly $36 billion

Saudi capital market

RIYADH: Foreign inflows in the Saudi capital market since 2019 have reached nearly SR135 billion ($35.98 billion), despite the kingdom being at an early stage in dealing with external investors, Arab News quoted Capital Market Authority chairman Mohammed ElKuwaiz, as saying. Opening the market for foreign investment supports diversification of funding sources for listed companies, ElKuwaiz said, … Read more