Seven more killed in Karachi
KARACHI: At least seven people lost
their lives in different incidents of violence in the financial hub during last
24 hours, Geo News reported.
Police said a man was shot dead near Bashir Chowk in New
Karachi. The identity of the deceased could not be ascertained.
In another incident, a man unidentified as Shujaat was
gunned down by unknown outlaws in Orangi Town.
On Tuesday, five people were killed in violence in the city.
Meanwhile, Rangers carried out targeted operation in various
areas and apprehended more than a dozen suspects.
Rangers sources said a target killer was arrested from
Baldia Town No. VII. Paramilitary force also recovered weapon from his custody.
The accused have affiliation with banned outfit.
LEAs also conducted raids in Landhi, Mujahid colony, Baldia
Town and Chanesar Goth and held 12 accused and recovered arms.
LATEST/BRIEF NEWS:
PAKISTAN
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assemblys trust, partys no-trust
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on 22nd
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WOLRD:
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Top U.S. commander in Afghanistan
investigated, Petraeus scandal widens
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Syria pursues bombardment of
rebel-held border town
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Analysis: Businesses turn to tax fight,
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White House lists two dozen leaders to
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Analysis: Oil service titans gaining
power vs Big Oil
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Congress comes back Tuesday to
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Violence flares in Golan even as
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Analysis: Election over, U.S.
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Business News:
Expats remit over $1.365bn in October
KARACHI: Overseas Pakistani workers
remitted a historic amount of $1,365.10 million in October, 2012 as against
$1,017.87 million sent by them in the same month of the last fiscal year
(October, 2011) showing a tremendous jump of $347.23 million or 34.11 percent.
The previous highest amount remitted in a single month by
overseas Pakistanis was recorded in August, 2011 when they sent home an amount
of $1,310.47 million.
The remittances received from all countries of the world
showed an impressive growth during last month.
In October 2012, the inflow of remittances from Saudi
Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and
Oman), and EU countries amounted to $347.52 million, $293.74 million, $217.56
million, $197.18 million, $163.37 million and $37.48 million respectively as
compared with the inflow of $291.20 million, $216.50 million, $167.60 million,
$117.56 million, $131.54 million and $28.08 million respectively in October,
2011.
Remittances received from Norway, Switzerland, Australia,
Canada, Japan and other countries during the fourth month of current fiscal year
(FY13) amounted to $108.25 million as against $65.39 million received in the
same month of last fiscal year (FY12).
Overseas Pakistanis remitted an amount of $4,964.21 million
in the first four months (July – October) of the current fiscal year 2012-13
(FY13), showing a growth of 15.04 percent or $649.14 million when compared with
$4,315.07 million received during the same period of the last fiscal year
(July- October2012).
The inflow of remittances in July- October, 2012 from Saudi
Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and
Oman), and EU countries amounted to $1,308.61 million, $1,046.83
million, $841.28 million, $697.33 million, $559.51 million
and $134.53 million respectively as compared with the inflow of $1,145.38 million,
$963.12 million, $795.35 million, $486.92 million, $486.15 million and $129.81
million respectively in July- October 2011.
Remittances received from Norway, Switzerland, Australia,
Canada, Japan and other countries during the first four months of current
fiscal year (July- October FY13) amounted to $ 376.12 million as against
$308.34 million received in the first four months of last fiscal year (July-
October FY12).
The monthly average remittances for July-October 2012 period
comes out to $1,241.05 million as compared to $1,078.77 million during the
corresponding period of the last fiscal year.
The continued growth in workers’ remittances is the result
of the efforts made by Pakistan Remittance Initiative (PRI) in collaboration
with other stakeholders to facilitate both Overseas Pakistanis and their
families back home. Since its inception, PRI has taken a number of steps to
enhance the flow of remittances through formal channels which include: (a)
preparation of national strategies on remittances (b) taking all necessary
steps to implement the overall strategy (c) playing the advisory role for
financial sector in terms of preparing a business case, relationship building
with overseas correspondents, creating separate efficient remittance payment
highways and (d) becoming a national focal point for overseas Pakistanis
through round the clock call centre (021-111-222-774) with toll free lines,
separate web site etc.
It may be recalled that in order to provide an ownership
structure in Pakistan for remittance facilitation, the Government of Pakistan
through State Bank of Pakistan, Ministry of Overseas Pakistanis and the
Ministry of Finance had launched a joint initiative called Pakistan Remittance
Initiative (PRI) in April 2009.
This initiative has been taken to achieve the objective of
facilitating & supporting faster, cheaper, convenient and efficient flow of
remittances, says a SBP release.
Pakistan
EXCHANGE FOR CURRENCY NOTES:
U.S.A 96.91
S.Arabia 25.84
U.K 153.75
Japan 1.2224
Euro 122.92
U.A.E 26.38
BULLION RATES IN
RUPEES PER 10 GRAMS
KARACHI
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