Foreign Remittances Stagnant in October 2019

The Mint PK

Comprehensive source of Business, Lifestyle and Technology news from Pakistan

Foreign Remittances Stagnant in October 2019

Pakistani workers in foreign countries sent US$ 7.478 billion in the first four months (July-October) of FY2020, in contrast with US$ 7.6 billion remitted during the same period in the last year. In the month of October 2019, the worker's remittanc

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Cement Sales increase in October, Challenges remain

Pakistan's Local Cement sales for the month of October-2019 increased by cumulative 7%YoY. However, a diverging trend was witnessed in the regional sales as Total sales in North region increased by 17%YoY while Sales in the South region recorded a de

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Stock Market Outlook: November to bring warmness

Pakistani Stock Market is all poised to gain long term positive momentum as Investors' sentiment is likely to remain upbeat based on positive news flows. Firstly from the Economic front, IMF has appreciated the Government for achieving a primar

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UBL Completes Sale of its Tanzania Operations

In a notification to Pakistan Stock Exchange, United Bank Ltd which is one of the largest banks in Pakistan has notified that Asset Liabilities sale of its Subsidiary UBL (Tanzania) has been completed. UBL has sold its subsidiary to local bank Exim B

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Traders end strike, Government relaxes conditions

The Trader community called off the shutter-down strike on wednesday after reaching consensus on eleven-points with the government. The business community and Traders have called the strike on Tuesday against the imposition of taxes and presentation

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Sindh to get $75 million from ADB for Education

The Asian Development Bank mentioned on Monday that it has finalized to a $ 75 million loan for a project in the education sector in Sindh. As per the statement released by ADB, the Manila-based credit agency said that the project focused to impro

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