Foreign Exchange - 7

Workers’ remittances or the foreign exchange sent back home by Pakistanis living abroad rose by 16 per cent to $669 million in July-August 2004, from $577 million in July-August 2003, data released by the State Bank show. Overall remittances rose as Pakistanis living in the US and the UAE sent much higher amounts of foreign [...]

Foreign direct investment has doubled during the past three years, which is approaching $1 billion this year. Pakistan’s Minister for Privatization and Investment stated this during a meeting with the visiting US delegation led by US Under Secretary of State, who called on him here on Monday. According to a press release issued here by [...]

Now people living in Sialkot, Faisalabad and other small cities besides Islamabad, Karachi and Lahore can make investment in stock market through Internet, Chairman SECP noted. He said the investment through Internet promoted 100 percent on an international level. Dr Tariq said Rs 595 billion were invested in stock market in January 2001, which has [...]

In the first seven months of the current calendar year, Pakistani scheduled banks’ deposits rose by a healthy 14.19 per cent and their advances grew by an impressive 10.37 per cent. The total investment of banks in fixed income securities as well as shares of listed companies grew by 6.67 per cent during this period…

AKD Trade.Com, Pakistan’s first stock trading website, has introduced AKD Research, said a press release issued by Aqeel Karim Dhedhi Securities (Pvt) Ltd, on Wednesday…

Initially, the Government of Pakistan had to arrange printing of its own banknotes from an English company but later on it started printing its own notes at the Pakistan Security Printing Press in 1953. He said identification of defaced notes was that they had three holes and cannot be used anywhere. Previously, incinerator was used [...]

Six countries will control the global cotton industry within 10 years, with Brazil rising to be the third biggest exporter, leading cotton merchant Bill Dunavant said on Thursday. Dunavant, president of Dunavant Enterprises, the world’s biggest cotton trader, said cotton consumption and production would consolidate to China, the United States, India, Pakistan, Turkey and Brazil, [...]

Pakistan has surpassed India in denim production and analysts say there was a great scope for its exports to all over the world. “We expect denim exports is expected to surge by a CAGR of 3-4 per cent in the next 5 years,” research analyst Faisal Shaji said on Wednesday. He said: “Simultaneously, Pakistan is [...]