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CAD at 6-month high as outflows rise | The Express Tribune
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[ad_1] Country-wise major outflow was witnessed from China ($225 million) and sector-wise major outflow witnessed in the power sector ($243 million) in January 2024. Photo: afp KARACHI: Pakistan’s balance of the current account failed to stay in surplus for the…
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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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IT exports rise on fair policies | The Express Tribune
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[ad_1] LAHORE: Pakistan’s information technology exports rose 17% and reached $303 million in December 2023 against exports of $259 million in November, as the country’s IT experts and freelancers continued to make inroads into international markets. This is in line…
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New US car sales are anticipated to rise in 2024
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[ad_1] The showroom and service centre for the US automotive and energy company Tesla in Amsterdam. — AFP/File Sales of new cars are predicted to rise marginally in the United States in 2024, as the automobile sector continues to normalise…
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Workers’ remittances rise in October after crackdown
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[ad_1] A currency exchange dealer counts $100 bills in this undated picture. — AFP/File KARACHI: Following the crackdown against the illegal exchange market and closing of the gap between interbank and open markets, the workers’ remittances were recorded at $2.5…
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Ban on profit outflow lifted as reserves rise | The Express Tribune
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[ad_1] KARACHI: Pakistan has lifted an unannounced ban on foreign companies freely sending their earned profits to their headquarters abroad, following increased supplies of US dollars in the domestic economy, sending a strong message to global investors to resume initiating…
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Global stocks fall, US bond yield rise as Israel gears up for major ground assault
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[ad_1] Artillery shells are lined up next to an armoured vehicle as Israeli soldiers take positions near the border with Gaza in southern Israel on October 9. — AFP A regional dispute in occupied Palestine and concerns that US interest…
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Israel-Hamas war: Oil prices rise, global stocks fall as humanitarian crisis worsens in Gaza
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[ad_1] A Palestinian youth looks for salvageable items amid the rubble of the Kuhail building, which was destroyed in an early morning Israeli airstrike on Gaza City on Tuesday. — AFP Oil prices rose and global stocks largely fell on…
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Pace of rupee rise slows down | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its uptrend in inter-bank market for the 28th successive working day on Monday but it gained less than Rs1 against the US dollar for third day in a row, indicating the currency is gradually entering…
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US home sales decline as prices rise, interest rates increase
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[ad_1] A ‘For Sale’ sign is seen in front of a home on August 21, 2015 in Miami, Florida. — AFP Sales of US homes have been steadily declining since August as supply remained constrained and mortgage rates remained high,…
