The inflow of overseas workers’ remittances into Pakistan stood at $3.631 billion in July 2026, the State Bank of Pakistan (SBP) data showed on Monday. In terms of growth, remittances increased by 4.5% on a month-on-month basis and 13% on a year-on-year basis. Overseas workers’ remittances to Pakistan increased by 9% to $41.6 billion during Jul-June FY26, up from $38.3 billion in the previou
Meezan Bank, one of Pakistan’s largest commercial banks, has surpassed Rs3.05 billion in cumulative disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA). “The milestone reflects the growing preference for Meezan Bank’s Shariah-compliant housing finance solutions and the bank’s continued commitment to m
Gold slipped on Monday as investors took profits after prices hit a seven-week high in the previous session, while markets looked to US inflation data for fresh clues on the Federal Reserve’s interest rate path. Spot gold was down 0.5% at $4,322.28 per ounce, as of 0200 GMT. Prices hit their highest since June 17 on Friday after weaker-than-expected U.S. jobs data. US gold futures fell 0.
Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the US must still meet other conditions. Brent crude futures rose 91 cents or 1.09%, to $84.46 a barrel by 0056 GMT, while US West Texas Intermediate crude futures rose 61 cents, or 0.78% to $78.79 a b
After days of buying momentum, selling returned at the Pakistan Stock Exchange (PSX) amid concerns around the opening of the Strait of Hormuz, with the benchmark KSE-100 Index shedding over 700 points during the opening minutes of trading on Friday. At 9:30am, the benchmark index was hovering at 181,036.87, down by 739.72 points or 0.41%. Selling was observed in key sectors, including automo