All Entries Tagged With: "Pakistan forex market"
Pakistan recieves $5.7 billion in remittances
Pakistanis living abroad have send nearly $5.7 billion between July 2009 to February 2010, nearly 17 percent increase from the monies transfered during the same period in previous fiscal year. Last year non-resident Pakistanis had sent $4.9 billion.
For economies like Pakistan, funds repatriated by non-residents to family and friends back home, provide the most tangible link [...]
The reeling Pakistan rupee
Some of the main factors for the rupee finding the floor in 2009 were the IMF program, slowdown in imports, S&P upgrade of the sovereign credit ratings, easing of inflationary pressures, return of portfolio investment to the equities market and record remittances.