Prime Minister Shehbaz Sharif expressed his satisfaction on Wednesday as data showed that workers’ remittances increased by 26.6 per cent to hit a record $38.3 billion during the fiscal year 2025 as compared to the corresponding period of last year. The State Bank of Pakistan said remittances reached $38.3bn during July-June 2024-25, as compared to the $30.3bn in remittances received during the
Finance Minister Muhammad Aurangzeb on Wednesday reaffirmed the government’s commitment to maintaining a consultative policy framework as the Pakistan Business Council (PBC) transitioned its leadership. Aurangzeb met with a delegation of the PBC led by outgoing Chief Executive Officer (CEO) Ehsan Malik and incoming CEO Javed Kureishi at the Finance Division, the division said in a press release
The Pakistan Stock Exchange (PSX) extended its record-setting rally into the fifth consecutive session on Thursday, with the benchmark KSE-100 index closing at an all-time high, driven by robust buying interest across key sectors. Ahsan Mehanti of Arif Habib Corporation attributed the bullish momentum to the government’s decision to cut rates on National Savings Schemes, prompting a shift of c
IN recent years, Pakistan’s foreign exchange market has presented a strange paradox: the rupee appears ‘stable’, official reserves have grown, and the informal/black market has receded. But behind this illusion of calm lies a hollow economy, ie, exports remain stagnant, competitiveness is deteriorating, and industrial confidence is eroding. Is this the success of prudent macroeconomic stewardsh
Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest trial of its kind, the director of a government innovation programme said on Thursday. Earlier this week, the country pledged to work with the United States, India and Australia to ensure a stable supply of critical minerals, as concern grows over China’s dominance in resources vital to new techno