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January remittances surge 19pc, rising for 8th consecutive month Business February 16, 2021 KARACHI: Remittances surged 19 percent year on year to $2.3 billion in January as the government’s initiatives continued to keep the monthly foreign inflows over the two billion dollars mark, the central bank said on Monday. “This sustained increase in workers’ remittances largely reflects growing use of banking channel that is attributed to continuous efforts by the government and SBP to attract inflows through official channel, limited cross-border travel amid the second wave of COVID-19 and ...

Auto loans up 19pc in Dec as low interest rates speed up demand Business February 3, 2021 KARACHI: Auto loans increased by 19 percent or Rs41 billion in December 2020 as lower bank lending rates and pickup in economic activity after the lockdown compelled the consumers to buy new and used vehicles. Loans for transport such as purchase of cars stood at Rs256 billion in December, compared with Rs215 billion in the same month of the previous year, the central bank data showed on Tuesday. One reason people borrowed to buy vehicles was the higher demand of passenger cars, particularly in the 13...