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Remittances to foreign countries fall by 6.6pc in November 2021



The SBP was required to adjust its forecast for the deficit in the current account from 2 to 3 percent to 4 percent GDP.

Islamabad: The Turkish Lira exchange rate against the US dollar has made a dramatic overnight recovery and increased nearly 40 percent. However, this exchange rate saw has a steady decline within Pakistan against the US dollar over the last few months.

Despite claims made by Pakistan’s economic officers that exchange rates will fluctuate in two directions, however, the rupee has been declining relative to dollars. The rupee was depreciated by USD 152 to around Rs180 over the past few months.

There have been worrying developments in remittances that saw an unfavorable growth of $2.35 billion for November 2021 compared to $2.51 billion for October 2021. This was a decrease of 7 percent.

The Turkish Lira has made a significant rebound overnight, just that President Erdogan unveiled a brand new financial system to help strengthen the currency that is slipping. In just a matter of 24 hours, the Lira has increased by over thirty percent over the US dollar, the largest gain since 1983, according to Turkey’s news company TRT World in its tweet.

The following morning the exchange rate between dollars and Lira fell to 11.2248 at 9.30 at local time (0630GMT) after rising by almost 40 percent over the dollar since Monday evening.

On Monday, Turkish President Tayyip Erdogan announced that the new system would permit potential investors in foreign currencies to achieve the same outcomes while staying with the Lira. Erdogan declared that the series of measures would reduce the burden of the currency crisis of the last few weeks and will encourage Turks to keep Lira savings instead of dollars. The new measures come from the inflationary prices and rising exchange rates as the government tries to implement their “new economic model,” which emphasizes the opposition to high-interest rates.

In the instance of Pakistan in the past, the country received remittances of $29.4 billion during the fiscal year 2020-21, compared to $23.3 billion in the previous fiscal year 2019-20. This indicates that the country received additional payments of about $6 billion following the emergence of the Covid-19 pandemic. However, if the remittances fell dramatically, mostly due to the growing gap between the interbank rate and the open market rates, the incentive for Hundi/Hawala may increase dramatically.

The surge in remittances that reached a peak of more than $29 billion over the fiscal year saved Pakistan from a Balance of Payment (BoP) crisis in an enormous way. Remittances saw a huge rise in the wake of the Covid-19, a pandemic that imposed restrictions on travel overseas. Therefore, people living abroad, Pakistanis, especially those in Europe, could return their savings to save Pakistan from any major crises.

The country’s remittances dropped to 6.6 percent in November 2021, but they increased by more than 10 percent during the initial 5 months (July-Nov) duration of FY21’s fiscal year. In July-November in 2021-22, payments increased in value by 9.7pc to $12.9 billion, compared to $11.7 billion during the same time frame of FY21. Remittances from European countries jumped up to 41 percent, or $1.442 billion in the 5 months in FY22 compared to $1.02 billion during the same period in the previous fiscal year.

The next challenge is that lies ahead because there is a challenge ahead as the deficit in current accounts already exceeded $7.1 billion during the five months (July-Nov) timeframe of the fiscal year that is currently in effect, primarily because of the rising cost of imports that are growing at a rapid pace. The current account deficit is increasing; it was $1.7 billion in October 2021, but it grew to $1.9 billion by November 2021. This deficit was $773 million in July, $1.473 billion during August. $1.113 Billion in September, $1.76 billion in October, and $1.908 billion in November 2021.

The SBP was required to adjust its forecast for the deficit in current accounts between 2-3% of GDP and 4 percent.

Mohammad Sohail, Topline Security analyst, upon being contacted when he was contacted, informed The News that volatility and the increasing spread between official and open market could affect the inward transfer of funds. In actuality, the open market is currently offering two rates at present. Rates without documentation are higher, he claimed. When asked about how it would affect remittances in the current fiscal year, He said it is difficult to quantify. However, in the past, when we’ve seen an increased spread between open and official market rates, it led to money being transferred through unofficial channels.

Fahad Rauf, the Head of Research, Ismail Iqbal Securities, said that Bangladesh received more than $29 billion in remittances, mostly due to the Covid-19 pandemic due to travel restrictions. It is hoped that the country would receive remittances in the range of $27-$28 billion in this fiscal year. He stated that Bangladesh had made corrections to its payments, and remittances decreased in November 2021 compared to October 2021. He claimed that SBP received approximately $3 billion from its Roshan Digital Accounts, which means it offered other options for foreign Pakistanis to invest their funds. He also said it was quite surprising that exchanges were changing since, unlike those in the EU, the country was receiving substantial transfer payments.

Tahir Abbas Arif Habib Securities analyst told me that some stifling actions against Hundi/Hawala were in place. He also said that there are many reasons for decreasing remittances for November 20, 2021. Abbas said it was possible that Pakistan may receive money up to $30 billion in the fiscal year currently in session; however, there was a continual need to be vigilant in the prevention of remittances being diverted to unofficial channels.

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How to Make the Most of Your Day While Working at Home



Working from home offers great flexibility. But sometimes, you may feel distracted or distant from the work at hand. If you find it difficult to maximize your productivity when working from home, you’re not alone. So here is how to make the most of your day while working at home.  

Start Your Day Off Right 

An easy habit to fall into when working from home is rolling out of bed and onto the computer. When you start getting into this habit, you are losing valuable time you can use to start your day off right. Try instating a morning routine to get energized and in the right mindset for the day. 

Pick an outfit to work in that isn’t pajamas. Dressing the part can push you to be more productive throughout the day. Being ready for the day will also prevent you from wasting time putting yourself together for video meetings or impromptu on-screen chats. 

Set Up Working Hours 

When you’re working from home, it can be easy to move from task to task with little rhyme or reason. When you don’t have set working hours, you can easily start procrastinating instead. To avoid this you need to set up working hours for yourself. 

The best part about working from home is setting up these hours in whatever way works best for you. You may want to work in a two-hour burst with breaks in-between. Or you might prefer blocking off four-hour blocks in the morning and evening with time in the middle of the day for other activities. No matter how you decide to split it up, you will be more productive and accountable when you set up concrete working hours throughout the day. 

Organize Your Space 

One of the difficulties of working from home is your personal life and work-life blending together. It can be impossible to focus on your work if there is a big pile of dishes in your line of vision. You can take time out of your work from home day to keep your space organized. 

During one of your breaks you can organize all of those dishes on a sink rack so they aren’t cluttering your space. If you’re not sure how to clean that space, you can check out some great over-the-sink rack options too. 

Doing small organizational tasks throughout your day can keep your home consistently clean as well. So you can always have a peaceful place to do your work. 

Plan Out Your Day 

With seemingly endless time during the day when working from home, you can easily make the most of your day by planning it out. There are many different methods for planning your day. You can use a classic planner to block out important meetings, dates, and deadlines. 

If you have to work on multiple projects at once, then using project management software can help you keep everything organized. Using planning tools can also help you set milestones and goals in your work. 

If you were in an office, these goals may have been set by a manager. But when you’re working from home it can help to see your own goals and deadlines on a planner to point you in the right direction. From here, you can start breaking down tasks into actionable items. Then, you’ll be able to work on them in your dedicated working hours and make the most of your day. 

Take Thoughtful Breaks 

When you work at home you can make the most out of your breaks. You can do different activities to keep yourself energized and ready to conquer more tasks. Take these times throughout the day to work on yourself. You can do activities on your breaks like:

  • Reading a chapter of a book
  • Doing a 15-minute workout
  • Taking a stroll with your dog
  • Running a quick errand 

When you are working at home, you have the flexibility to incorporate your ideal lifestyle into your workday. So try to use your break times to do things that you wouldn’t be able to do if you worked at an office. 


Working from home is the new normal for most people. Finding ways to make the most of your day may feel overwhelming, but it’s a great way to plan out your tasks and improve productivity. So get out there and make every day great while working from home. 

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Even though the Kashmir Great Lakes Trek has been awarded the title of Gateway to the Eden;One can still define its immense beauty.The Great Lakes Trek in Kashmir is one of the best treks in Kashmir.The beauty is so rich and unique that it dominates every other breathtaking place in the world.Still,competing with each other for the crown of ‘Most Charming One’.


It is not uncommon to find such beauty and adventure in a single trek.Well,the Kashmir Great Lakes trek is also not ordinary.The long trek of 8 days and nights crosses 4 passes in just one trek. It sounds unusual,but it’s true.


The entire trail is full of attractive and clear views.This means that thoughts remain free from all obstacles.You will not find any human settlement or forest chain,or any other obstacle that can block your view at such a height.


Apart from its breathtakingly beautiful views, this Kashmir trek also has a thrilling stretch along the way.How to go hiking close to POK border? Part of the trek travels along Pakistan Occupied Kashmir.Does it sound tempting or terrifying?You decide.


One thing you must note about KGL- it is always about the journey and not the destination.Walk through 6 different meadows marked with flowers and 7 different ancient Kashmir Great Lakes.They are giving competition to each other in terms of their beauty.


Translated as‘Naked Mountain Nanga Parbat has the highest mountain face in the world.Also,it is the ninth highest mountain in the world.Nanga Parbat has tremendous vertical relief which makes the climb deadly. Exciting, right!The Kashmir Great Lakes Trek is often abbreviated to KGL. One of the most ornate treks in this entire wonderful country.Join us on a journey through vast meadows, sparkling lakes, stunning landscapes and much more.


Shekdur Campsite (also known as Tabletop) is the first destination on the Kashmir Great Lakes trek.It is a vast grassland with flat meadows and is surrounded by forest and mountains.Sonmarg valley can be seen at some distance from this point. The sunrise from this place is really spectacular.The place also has a shepherd’s hut where one can get snacks like tea, kahwa and Maggi.


The trek starts from a small village called Sitakari near Sonmarg.The trail begins by going up and down dense forests, crossing rivers and streams.As you progress, you will pass through endless meadows and landscapes with all shades of green and brown.You will also cross high altitude passes like Gadsar Pass and Jaz Pass where you may also get snow depending on the season.


During the 07 days of your visit to this beautiful place, you will be trekking and hiking in a country where life is simple and the air is thin.Kashmir Great Lakes Trek gives an opportunity to witness the lifestyle of the people of Kashmir.There are also some shepherd’s huts on the trail where nomadic tribesmen of Gurjars and Bakharwals live with their cattle.These people are the most polite and lovely people.


The Kashmir Great Lakes Trek is a unique experience for many reasons.The trekking route offers a unique variety of landscapes and views of spectacular,snow-capped mountains such as Mount Harmukh.The geography and changing seasons have made it unique from looking like trekking to other parts of the Indian Himalayas.The untouched beauty of this remote place has its own charm which you will not find anywhere else in the Indian Himalayas.


Each day you’ll be camping in the gorgeous meadows on the shores of alpine lakes.Each campsite on the Great Lakes Trek is beautiful,although individually, our camp near Krishnasar Lake was the prettiest.If the moonlight is weak then you can see millions of stars at night and also the Milky Way.The views of the camps during sunrise and sunset were absolutely magical.It is recommended to extend the itinerary by a day or two as buffer day.That you can spend the extra day at one of the camping sites and enjoy the raw and beautiful.


As the name suggests the Kashmir Great Lakes Trek takes you through more than 12 alpine lakes.Where each lake is prettier than the other.An interesting thing about these lakes is that some lakes are named after Hindu deities.With their immense beauty and turquoise colored water,these lakes are a visual delight for the trekkers.

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Every person wants to decorate his beloved house a bit like the planet of his dreams, whether it’s small or big. Tapestry is one among the  ways to offer an excellent look to the house. No matter whether the home is big or small, these tapestries provide a stylish  look to the house .Today time tapestries are used in unique and  very different ways.  The primary room in the entire house is the living room and it definitely provides the best impression to the guests visiting your home.

Wall tapestry is a great way to design a way to make the walls look attractive. You are also  able to express yourself and your aesthetic sense in the stylish possible way by designing your house. There are many tips which  help you beautify your home in the best possible way even without an interior designer.

10 living room wall décor ideas

1)  Hanging Geometric Winter Snowflake Cutout

This living room exudes the spirit of a bright winter day. The roaring fireplace, plush white rug, and adorable sledge-shaped coffee table all come together to create a playful setting. Geometric snowflakes hanging on the wall accentuate the theme while adding modern texture. The warm yellow paint on the wall shines through the cutouts in the decor, making you wonder whether you’re looking at a glistening snowflake or a gleaming sun.

2)  Colorful local cartography

A map is a great way to bring the outside world into your home. This bright and colorful map stands in front of a white wall and fills the room with excitement. Bold patterned pillows pull off shades of pink and orange and help tie the room together. You can choose to hang either a map of your country or a map of a place you would love to visit one day.

3)  Funky Square Wall Decor Ideas

Many fine examples of art take advantage of the colored paint below. This set of patterned squares stands apart from the plain green wall; The space between each square becomes a new part of the design. The swirling combination of black and white is interesting but not too busy, which makes it a great choice for living room wall decor.

4)  Rainbow Ribbon Hanging Wall Decoration

Who said there should be curtains for windows? This lovely piece uses a curtain rod to hang it off the wall. Each ribbon matches a color elsewhere in the room. The ribbons flutter with every light breeze, adding a bit of momentum to the room’s design. Consider hanging some string lights behind it to create an eye-catching glow.

5)  moody blue abstract floral painting

This color matches perfectly with the brightly colored coffee table in this painting. The simple room design works well with an intricate piece of art to create a modern and moody feel.

6)  Elegant Golden Living Room Wall Decor

This piece of art is delicate and ornate. Simple gray lines and shimmering gold paint add to bring out the image of beautiful flowers. This type of art wall adds class and luxury to the design of the room. Pair it with other golden embellishments to really bring out the color and shine.

7)  Colorful abstract art piece

This room has white walls and a white sofa, which means there is nothing to distract from the gorgeous colorful painting. The design is abstract but spectacular; Each splash of paint brings out the mood and emotion. Flowers and plants have been placed on either side of the painting to frame it with natural colours.

8)  Pattern Paper Chain Curtain Design

Have you ever made chains of paper as a kid? This unique piece of art takes a classic technique and brings it to a whole new level. Each series is cleverly threaded with different colored episodes. There’s color, speed, and curiosity in this decor.

9)  Simple Stencil Living Room Wall Decor Ideas

Sometimes art hangs on bare walls. And sometimes, the art is the wall. This design takes advantage of a  geometric pattern to create something visually pleasing. The triangles point away from the vertices, making the space appear larger than it actually is. 

10)        Three Panel Thematic Print Art

A Tripitaka is a piece of art expressed in three panels. These artsy prints all fit the same delightful pineapple theme. Matching golden frames tie the pieces together and add a touch of class to the gallery wall. A neutral sofa features throw pillows that have been chosen to match the printed colors; The result is warm, fun and definitely trendy.

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