January
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Remittances rise slightly in January to $2.4bn
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[ad_1] A currency exchange agent counts US Dollars at his company in Iraq’s southern city of Basra, on December 8, 2023. — AFP KARACHI: Pakistan received $2.4 billion in remittances from its overseas workers in January, up by 0.6% from the previous month,…
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SBP announces bank holiday on January 1
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[ad_1] An undated picture of the State Bank of Pakistan’s building. — AFP/File The banks will remain closed countrywide on account of “bank holiday” on January 1 (Monday), the State Bank of Pakistan (SBP) notified on Friday, as all the…
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Iraq to halt all US dollar cash withdrawals from January 1, 2024
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[ad_1] Top-down view of US dollars and Iraqi dinars in an Iraqi bank. — AFP/File Iraq will ban cash withdrawals and transactions in US dollars as of Jan. 1, 2024, as per a top official of the Iraqi central bank,…
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Elon Musk’s Tesla cuts US prices for fifth time since January
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[ad_1] The image shows Elon Musk sitting in a Tesla.— AFP/file After pricing adjustments made throughout the first quarter resulted in an additional sales gain, Tesla reduced the prices of every vehicle it sells in the US once more. Each…
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Remittances hit 32-month low at $1.89b in January | The Express Tribune
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[ad_1] KARACHI: Workers’ remittances to Pakistan fell to a 32-month low in January 2023, slipping below the $2 billion mark, according to the State Bank of Pakistan (SBP). The remittances recorded at $1.89 billion, a decrease of 13% compared to…
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January inflation jumps to highest since May 1975
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[ad_1] A vendor splashes water on vegetables to keep them fresh in Quetta on October 27, 2022. — INP/File Amid food supply constraints and a significant surge in the prices of petroleum products, Pakistan’s consumer price index (CPI) based inflation…
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Good news for businesses, SBP withdraws import restrictions from January 2
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[ad_1] The State Bank of Pakistan building in Karachi. — AFP/File The State Bank of Pakistan (SBP) Tuesday notified its decision to withdraw the restrictions placed on imports with effect from January 2, 2023to provide a relief for industries and…
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Oil prices plunge over 5% to lowest levels since January
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[ad_1] In this file photo taken on April 23, 2020 Pump jacks operate near Loco Hills in Eddy County, New Mexico. — AFP LONDON: World oil prices plunged more than 5% Monday, reaching the lowest levels since January, on forecasts…
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REER appreciates to 97.03 in January 2022 | The Express Tribune
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[ad_1] KARACHI: Pakistan’s real effective exchange rate (REER) – the value of country’s currency against a basket of currencies of global trading partners –appreciated slightly to 97.03 points but still remained close to its fair value and indicated that exports…
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China’s forex market transacts 19.45 trillion yuan in January | The Express Tribune
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[ad_1] BEIJING: China’s foreign exchange (forex) market recorded transactions of 19.45 trillion yuan, equivalent to 3.06 trillion US dollars, in January, official data showed Friday. Specifically, the transaction volume of the client market totalled 3.32 trillion yuan last month, while…
