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 Oil and Gas Regulatory Authority (OGRA) has announced a significant reduction in liquefied natural gas (LNG) prices for...
ISLAMABAD: The exports of cutlery witnessed an increase of 17.78 percent during the first two months of the current financial...
DHAKA: The fourth Made-in-Pakistan Exhibition has opened at the International Convention City Bashundhara in Dhaka, bringing together more than 100...
KARACHI: K-Electric, the sole distributor of electricity in Karachi, is facing a severe monetary crisis as banks have halted new...
