Overseas Pakistanis set a record by transferring back a major quantum of remittances in the month of March this time. According to the statistics released by the State Bank of Pakistan, a record of remittances worth further than 4 billion was set in a single month. In March, remittances of $4.1 billion were entered from … Read more
Uncertainty over China’s retaliatory: China’s tough retribution to President Donald Trump’s tariffs has raised fears of a recession, which has caused anxiety in global requests. Due to this anxiety, the US dollar has fallen sharply against the European Union and other major currencies on Wednesday. According to the AFP news agency, the bone fell 1.1 … Read more
Rupee stabilizes: The US dollar depreciated against the Pakistani rupee in the foreign exchange market. Private TV Samane quoted currency dealers as saying that the rupee gained 0.01 percent against the dollar during trading in the interbank market on Tuesday. The rupee … Read more
Dollar outflow: Profit and tip exoduses on foreign investments more than doubled during the first eight months of the current financial time. The media report quoted data from the State Bank of Pakistan as saying that profit exoduses increased by 103.94 percent to 1.55 billion during July-February of FY25, compared to 760 million in the … Read more
