foreign exchange

Pakistan receives all-time high $3b remittances in April

For the first time, Pakistan’s remittances crossed the figure of $3 billion in a month, which gave hope that the country would achieve its annual remittance target of $30bn.
16 May 2022

Bank's shady foreign exchange dealings

The Bangladesh Bank (BB) has found that a state-owned bank is openly skirting rules when it comes to foreign exchange transactions. Several major business houses which have been allowed to open letters of credit (LC) and transfer funds abroad, have not submitted bills of entry, which is a proof of goods entering country.
17 July 2018

Unsettled Lcs, ghostly import

The Bangladesh Bank has detected some gross violations in foreign exchange transactions that have raised concerns about money laundering.
16 July 2018

Record $15.30bn remittance in FY 2014-15

Bangladesh received record $15.3 billion in remittance from expatriates working abroad in the last fiscal year.
2 July 2015

Qatar 'still failing' migrant workers: Amnesty

Qatar has made little progress improving migrant workers' rights, despite promises to do so, the rights group Amnesty International has said.
21 May 2015

China reaches out to Indian Ocean through Pakistan

China is uncomfortable about the Indo-US alliance to dominate the region.
5 May 2015