May sees 'highest-ever monthly inflow' of workers' remittances at $4.3bn

Workers’ remittances were recorded at $4.3 billion in May, registering growth on both a monthly and annual basis, according to data released by the State Bank of Pakistan (SBP) on Wednesday.

Adviser to the Finance Minister Khurram Schehzad also shared the data on X, stating that Pakistan had recorded its “highest-ever monthly remittance inflow in history”.

According to the SBP, the inflows…

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Centre, provinces 'made decisions in the best interest of Pakistan', PM says in NEC meeting

Addressing the National Economic Council (NEC) meeting on Wednesday, Prime Minister Shehbaz Sharif said the Centre, in collaboration with provinces, had taken decisions in the national interest.

The NEC met to finalise federal and provincial development plans ahead of the presentation of the budget for the upcoming fiscal year (FY2026-27). It is the highest economic decision-making forum of the…

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WWDC: Apple posts 5-minute highlight reel of WWDC Platforms State of the Union keynote speech

There’s something to be said for watching the entire Apple Worldwide Developers Conference Platforms State of the Union for roughly two hours the second it goes live. There’s also something to be said for watching the condensed recap that covers the key points, including rebuilt intelligence frameworks, platform design changes, and major developer tools updates. […]

Govt revises National Savings profit rates, adjusts withholding tax

ISLAMABAD: The government has revised the profit rates on its National Savings Schemes (NSS), according to an official notification, while adjusting withholding tax rates for both tax filers and non-filers.

Under the revise rates, the profit rate for Regular Income Certificates has been fixed at 12.24 per cent, while Special Savings Accounts will now offer an average return of 12.4 per…

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Kazakhstan Uses Financial Incentives to Drive ESG Adoption, Help Exporters Compete Abroad

The Astana Times provides news and information from Kazakhstan and around the world.

ASTANA – ESG, which stands for environmental, social and governance, is no longer a reputational issue but a market access requirement, and companies that adapt quickly will gain competitive advantage, according to Nadira Abenova, ESG Specialist at the Export Credit Agency of Kazakhstan. The Export Credit Agency…

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The New Trade Environment Is Creating Winners Nobody Expected

For decades, businesses built their strategies around a relatively simple assumption: global trade would continue becoming faster, cheaper, and more efficient. Companies optimized supply chains across continents, sourced materials from wherever costs were lowest, and focused relentlessly on efficiency. Today, that assumption is being challenged. A changing trade environment is creating unexpected…

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BSP to act as May inflation stays above target

May inflation slows but remains above target Central bank signals further rate hikes to return inflation to 3% Core inflation rose to 4.1% in May; food and transport inflation eased MANILA — The Philippine central bank said it will “take necessary actions” to bring inflation back to its target, after the annual pace of consumer price growth remained aboveits 3% […]

The post BSP to act as May…

Pentagon accuses BYD, Baidu, Alibaba of aiding China’s military

WASHINGTON: The United States on Monday added Chinese e-commerce giant Alibaba, internet search provider Baidu, and automakers BYD and NIO to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries.

The long-awaited update supersedes a list from early 2025, and comes less than a month after US President Donald Trump met China’s…

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