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Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

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Pakistan’s remittances exceed exports in first half of fiscal year 2024-25, reflecting shift in foreign inflows – Trendy Blogger

Remittances from overseas Pakistanis exceeded export earnings during the first half of fiscal year 2024-25, highlighting a shift in foreign exchange inflows despite the government’s efforts to boost exports. According to data issued by the State Bank of Pakistan, remittances amounted to $17.645 billion, exceeding exports of $16.561 billion, a difference of $1.084 billion. In … Read more

France aims for the 2025 budget deficit to exceed 5% to maintain growth – Trendy Blogger

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France aims for the 2025 budget deficit to exceed 5% to maintain growth – Trendy Blogger

France’s postponed 2025 budget bill aims to achieve a deficit “slightly above 5%” to protect economic growth, new French Finance Minister Eric Lombard said in an interview with French financial weekly newspaper La Tribune Dimanche. Lombard, who previously led the Trust, was tasked with passing the budget through Parliament after the previous government was defeated … Read more

Asset management funds in Pakistan exceed Rs. 3 trillion teachers – Trendy Blogger

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Asset management funds in Pakistan exceed Rs. 3 trillion teachers – Trendy Blogger

Islamabad: Asset Management Companies (AMCs) in Pakistan have achieved a historic milestone, with their collective assets exceeding Rs. 3 trillion for the first time. This remarkable growth is due to strong inflows from individual and corporate investors, driven by attractive profit rates ranging between 20% and 25% in the current financial year. After reaching Rs. … Read more

Pakistan’s IT exports can exceed $25 billion through better utilization of resources: PM – Trendy Blogger

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Pakistan’s IT exports can exceed billion through better utilization of resources: PM – Trendy Blogger

IslamabadPrime Minister Shehbaz Sharif said that Pakistan’s IT exports could exceed twenty-five billion dollars through betterExploiting resources and providing training and education to the workforce. He chaired a review meeting on reforms in the IT sector in Islamabad and directed the Higher Education Commission to draw up a roadmap for provisionEducation, training and skills of … Read more

Inflows into Roshan’s digital accounts exceed $9 billion – Trendy Blogger

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Inflows into Roshan’s digital accounts exceed billion – Trendy Blogger

Cumulative inflows into Roshan Digital Accounts (RDA) have crossed the US$9 billion mark as of November 7, 2024, marking a major milestone for the initiative. This reflects inflows of more than $256 million since the end of September when the cumulative total reached $8.749 billion. In the current fiscal year 2024-2025, the RDA has collected … Read more

Record remittances are expected as the State Bank of Pakistan expects October inflows to exceed $3 billion – Trendy Blogger

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Record remittances are expected as the State Bank of Pakistan expects October inflows to exceed billion – Trendy Blogger

Islamabad: In a positive development for the Pakistani economy, the State Bank of Pakistan (SBP) has hinted that remittances for October 2024 are expected to reach or exceed $3 billion. This trend, revealed during the Monetary Policy Committee’s recent briefing, is expected to significantly reduce the current account deficit to negligible levels. The expected remittance … Read more