KARACHI: The Pakistan Stock Exchange (PSX) continued its downward trajectory for the third consecutive week, as foreign corporates and mutual funds opted for profit-taking in a bearish market environment. Persistent macroeconomic pressures — including rising inflation, a widening trade deficit, and sluggish domestic demand — weighed heavily on investor confidence. Despite the overall decline, the […]
remittances
Pakistan urged to regulate crypto, explore digital rupee
ISLAMABAD: Pakistanis are estimated to have invested between $20-30 billion in asset-backed crypto instruments, with trading potentially reaching $300 billion — nearly the size of the country’s $400 billion GDP, experts told the Sustainable Development Policy Institute (SDPI) Conference on Friday. The figures, they stressed, remain indicative due to the absence of a legal framework […]
UAE Dirham Slightly Drops to 76.53 PKR, Benefits Pakistani Expats
ISLAMABAD – The UAE Dirham (AED) fell slightly to 76.53 PKR on October 16, 2025, down 0.02 PKR from yesterday’s 76.55 PKR, according to financial sources. The Dirham’s value is tied to the US Dollar at 3.6725 AED per USD, while the Pakistani Rupee (PKR) floats freely, influenced by trade, foreign reserves, inflation, and market […]
Kuwaiti Dinar Falls to Rs.917.13
KUWAIT CITY — In a significant forex development, the Kuwaiti Dinar (KWD) has depreciated against the Pakistani Rupee (PKR), trading at Rs.917.13 in the open market this week — its lowest level since June. This marks a steady decline from Rs.919.70 on October 4, Rs.920.75 on September 27, and a broader downtrend from the summer […]
Pakistan Receives $3.2 Billion in Remittances in August: SBP
KARACHI – Pakistan received $3.2 billion in overseas workers’ remittances during August 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday. The SBP said that remittances rose by 11.3% compared to the same month last year, showing continued support from Pakistanis living abroad. In the first quarter of the 2025–26 […]
Pakistan’s economy rebounds as remittances hit $6.35bn
Pakistan’s economy showed signs of improvement as remittances rose by 7% between July and August 2025, reaching $6.35 billion. This growth reflects stronger support from overseas Pakistanis. The government released a report on Tuesday highlighting these positive economic indicators. Increased remittances have helped ease pressure on the country’s foreign reserves. Meanwhile, exports grew by 10.2%, […]
Pakistan gets $3.2bn in July remittances
Pakistan received $3.2 billion in remittances in July 2025, according to the State Bank of Pakistan (SBP). This marked a 7.4% increase compared to the $3 billion sent during July last year. However, the inflow was down 6% from June 2025, when remittances peaked at $3.4 billion due to Eid-related transfers. Analysts credit the rise […]
Pakistan’s economic momentum grows as remittances hit $34.89 billion
Pakistan’s economy continues to strengthen for the second consecutive year under the Special Investment Facilitation Council (SIFC). Reforms and strategic investment policies have boosted confidence both locally and internationally. The country has shown progress in key areas including economic growth, trade, and investor returns. During the first 11 months of fiscal year 2024-25, remittances surged […]
PM Shehbaz calls overseas remittances a backbone of Pakistan’s economy
Prime Minister Shehbaz Sharif paid tribute to overseas Pakistanis on the International Day of Family Remittances. He praised their consistent financial support, calling it a vital strength for Pakistan’s economy. He emphasized that the dedication and sacrifices of millions of expatriates are deeply valued at the national level. According to the Prime Minister’s statement, remittances […]
PM Shehbaz calls economic indicators ‘satisfactory’, urges unity for growth
ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan’s economic indicators are “satisfactory,” and now is the time to move forward. He highlighted growth in exports, remittances, and IT exports, expressing optimism about Pakistan’s economic direction. Addressing a federal cabinet meeting before the budget presentation, the Prime Minister emphasized the resilience shown by the nation over […]