Fayaz Hussain

Remittances over $2bn for 7th month running

Inflows from GCC countries account for over 58pc of total amount in December. Updated 09 Jan, 2021 07:19am

December inflation eases to 8pc

The prices of perishable food items declined by 0.6pc, while those of the transport sector fell 3.5pc. Published 01 Jan, 2021 02:31pm

'Remarkable turnaround despite Covid': Current account sees surplus for fifth consecutive month

According to the State Bank of Pakistan, foreign exchange reserves are now at their highest level in three years. Updated 22 Dec, 2020 02:39pm

November sees negative FDI

Outflows from the power and communication sectors stood at $83.2m and $23.7m respectively. Updated 17 Dec, 2020 09:39am

LSM output grows 3.95pc during October

"At a time when global economy is in deep recession, the industry is driving economic growth & recovery in Pakistan," says Hammad. Published 15 Dec, 2020 02:22pm

KSE-100 tumbles 872 points as lockdown fears dampen sentiment

Commercial banks, cement and oil & gas marketing companies were the top losers during intra-day trade. Updated 23 Nov, 2020 08:39pm

SBP keeps policy rate unchanged at 7pc for a second time

In its meeting, MPC has noted that "domestic recovery has gradually gained traction". Updated 23 Nov, 2020 06:53pm

Pakistan records current account surplus for fourth consecutive month

"The surplus came on the back of a sustained increase in remittances and smaller trade deficit," the SBP says. Updated 19 Nov, 2020 07:38pm

Rupee sees biggest fall in weeks

The rupee fell by Rs1.52, or 1 per cent, in the interbank market to close at Rs159.83 against the dollar. Updated 19 Nov, 2020 09:31am

After two days of stability, rupee falls in interbank market

Dollar cost Rs159.83 by the end of Wednesday's session, according to State Bank data. Updated 19 Nov, 2020 12:59am

FDI during October hits 10-month high of $317.4m

During the last month, China invested $228.7m in the country, data from the State Bank of Pakistan shows. Updated 16 Nov, 2020 03:29pm

Rising Covid-19 cases put a damper on PSX as KSE-100 sheds 633 points

Investor sentiments weighed down by coronavirus situation despite strength of rupee, improvement in remittances. Updated 13 Nov, 2020 06:57am

October remittances grow 14pc, rising for fifth straight month

During the four months from July to October, remittances clocked in at $9.4bn, up 26.5pc over the same period last year. Updated 12 Nov, 2020 05:38pm

Rupee continues recovery as dollar falls to Rs158.91 in interbank market

Bloomberg data shows Pakistani rupee is the third best performing currency in Asia, having appreciated 3.1pc since Oct 1. Updated 19 Nov, 2020 02:03pm

Cotton arrivals plunge 43pc as crop failure looms

Data shows that Pakistan’s annual cotton production has fallen from 11.9m bales in FY18 to 9.17m bales in FY20. Updated 04 Nov, 2020 09:23am

Dollar falls below Rs160 for the first time in six months

Rise in remittances, quarterly current account surplus and deferment of debt servicing by G20 have all led to appreciation of PKR. Updated 03 Nov, 2020 06:13pm

‘Relief rally’: PSX mimics global markets, rebounds after yesterday’s plunge

Investors buying into decline expecting to book gains as stocks gain momentum, implying market oversold yesterday, says analyst. Updated 03 Nov, 2020 11:45pm

Stocks plunge as rising Covid cases heighten lockdown fears

Shares at PSX follow global trend on the back of uncertainty from rising cases, falling oil prices & likely impact of US polls. Updated 03 Nov, 2020 10:07am

Shares at PSX plummet as fears of second Covid-19 wave take hold

Benchmark KSE-100 mimics global markets, sheds over 1,900 points after govt curtails commercial, social activities in 11 cities. Updated 29 Oct, 2020 06:22pm

KSE-100 climbs 585 points buoyed by cement stocks, FATF announcement

Hammad Azhar says stock market rally along with other factors points towards a "positive economic sentiment" in the country. Updated 26 Oct, 2020 08:17pm