UFDpoint

Tag: dollars

  • Pakistan Recieves $5.7 Billion in Remittances

    Noting a 17 percent increase in remittances, State Bank of Pakistan Wednesday said that Non-Resident Pakistanis have send home nearly $5.7 billion between July 2009 to February 2010. During the same period in previous fiscal year, Pakistanis living abroad had sent $4.9 billion. For economies like Pakistan, funds repatriated by non-residents to family and friends…

  • Pakistan Stops Financing Crude Oil Imports

    As of yesterday State Bank of Pakistan will not sell foreign exchange to banks for financing the crude oil imports. SBP had given banks a full working week to get prepared for securing funding from the international market. The present measure has been adopted in the wake of Pakistan rupee losing 53 paisa or 0.6 per…