Tag: foreign exchange
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Overseas workers’ remittances surge to $3 billion in March
In March 2024, Pakistan witnessed a significant surge in the influx of overseas workers’ remittances, reaching a notable milestone of $3 billion.
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Pakistan Customs officials foil attempt to smuggle PKR 1.5 crore in gold and cash
Customs officials made a significant seizure of gold and cash at Jinnah International Airport in Karachi on Tuesday.
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Indus Motor Company invests Rs3 billion to boost local auto production
In a significant move within Pakistan’s automotive sector, Indus Motor Company Limited (INDU) has greenlit an investment of approximately Rs3 billion (around $10.76 million) aimed at bolstering the localization of production.
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Pakistan records current account deficit of nearly $270 million
In the latest economic update, Pakistan has reported a current account deficit of $269 million for the month of February, according to data released by the State Bank of Pakistan (SBP).
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SBP’s foreign exchange reserves rise by $13 million
In a positive development for Pakistan’s economic landscape, the State Bank of Pakistan (SBP) reported a weekly increase of $13 million in its foreign exchange reserves, reaching a total of $8.05 billion as of February 9, according to data released on Thursday.
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Pakistan’s forex reserves dip by $173 million, SBP cites debt repayments
The State Bank of Pakistan (SBP) has reported a decrease of $173 million in its foreign exchange reserves on a weekly basis, revealing a total of $8.04 billion as of February 2, according to data released on Thursday.
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Pakistan’s forex reserves rebound: SBP gains $77 million in a week
According to data released on Thursday, the State Bank of Pakistan (SBP) witnessed a weekly increase of $77 million in its foreign exchange reserves, reaching $7.26 billion as of November 24.
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SNGPL commits uninterrupted winter gas supply to boost textile exports
Sui Northern Gas Pipelines Limited (SNGPL) has provided a commitment to the All Pakistan Textile Mills Association (APTMA) regarding the seamless supply of gas to textile mills during the winter season. SNGPL, under the leadership of Managing Director Amer Tufail, assured an APTMA delegation led by Chairman Kamran Arshad that uninterrupted gas supply with optimal…
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Pensions in dollars for 164 retired government servants settled abroad
A Right to Information (RTI) request has revealed that civil and military pensioners living abroad are receiving their pensions in foreign currency, mainly dollars. According to the Ministry of Foreign Affairs (MoFA), there are as many as 164 pensioners who are living in foreign lands and receiving their pensions in a currency other than the…
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Pakistani rupee declines by 48 paisa, closing at Rs280.57 against US dollar
In the financial markets this week, the Pakistani rupee (PKR) experienced a depreciation of 1.78 rupees against the US dollar, closing the week’s trade at PKR 280.57.