Many studies indicate that remittances tend to increase when receiving households experience disasters or recessions.
Economy
In FY21, Pakistan reentered the international capital markets after a gap of over 3 years in early April 2021 and SBP’s foreign exchange reserves rose to record high level
The rupee depreciated by 70 paisa as the dollar was being quoted at Rs160.
So far, 21 new companies have been authorised to start local manufacturing/assembly of mobile phones in Pakistan.
The arrangement will enable the two Sui Gas companies in Pakistan to improve their capabilities to operate the 56-inch pipeline and compete for similar international projects.
The price of petrol is increased by Rs 5.4 per liter & High Seed Diesel increased by Rs 2.54 per liter.
MicroStrategy is the US public company that holds the most bitcoin on the balance sheets, followed by Tesla, Galaxy Digital Holdings, Voyager Digital, Square and Marathon Digital Holdings.
State Bank of Pakistan has received $1 billion Euro bonds floated a few days ago which boosted forex reserves