KARACHI: Remittances have been increasing with an average of over 14 percent in the current fiscal bringing a total $11.75bn home in July-February eight-month period of 2014-15.
However, the remittances failed to bring the current account into surplus. Analysts believe that February could be a turning point for the current account deficit. This was also a point of concern for the government that despite very high inflows of remittances the current account remained there with negative figures.
ISLAMABAD: The Neelum-Jhelum Hydropower Project is unlikely to resume electricity generation before 2028, with repair work on the 979-megawatt facility...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has referred the case of Blink Capital Management (Private) Limited to...
ISLAMABAD: The International Finance Corporation (IFC) has announced an investment of up to US$20 million in Pakistan’s leading plastic packaging...
ISLAMABAD: Federal Minister for Board of Investment (BOI), Mr. Qaiser Ahmed Sheikh, held a meeting with Member National Assembly (MNA)...
