News stories for Dr Omer Javed

Dr Omer Javed

Opinion

Shock therapy neoliberal market reform in Pakistan

One can only be shocked to see the lack of understanding by local media, and many of their guests on TV shows...

Updated 28 Apr, 2023 06:28am

Opinion

An immediate call for a second Bretton Woods

The world is facing an existential threat in the shape of climate change crisis, with one of the main outcomes in ...

Updated 21 Apr, 2023 07:03am

Opinion

A retarding economic growth outlook: IMF and ‘Chicago boys’ in a fix

‘The International Monetary Fund warned that its outlook for global economic growth over the next five years is ...

Updated 14 Apr, 2023 07:10am

Opinion

Serious economic crisis due to austerity policies, and weak multilateralism

Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in...

Updated 07 Apr, 2023 06:32am

Opinion

SDR allocation, monetary tightening, inflation, and banking crisis

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

Published 31 Mar, 2023 06:45am

Opinion

Neoliberalism, austerity, and climate change crisis

‘Scientists have delivered a “final warning” on the climate crisis, as rising greenhouse gas emissions push ...

Published 24 Mar, 2023 05:55am

Opinion

Austerity and the threat of another pandemic

‘During the peak of the Omicron wave in January 2022, US congressional leaders across the political spectrum were...

Updated 17 Mar, 2023 06:44am

Opinion

Understanding austerity

There is a general confusion in Pakistan, whereby austerity policies are taken as belt-tightening in terms of...

Published 10 Mar, 2023 03:46am

Opinion

Developing countries’ lost decade?

Global average temperatures have reached 1.2 degrees centigrade above the pre-industrial era, and most scientific...

Updated 03 Mar, 2023 06:58am

Opinion

Debt and fiscal space

David Malpass, in a recent interview, has reportedly talked about China’s non-disclosure clause as one of the...

Updated 24 Feb, 2023 06:36am

Opinion

Debt relief for developing countries

When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of...

Published 17 Feb, 2023 06:00am

Opinion

Balancing austerity demands with better debt relief and SDR support

’Developing nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as...

Updated 10 Feb, 2023 12:30pm

Opinion

Both IMF, govt need serious policy path correction

The International Monetary Fund (IMF) in its recently-released flagship report ‘World Economic Outlook [WEO] update:...

Updated 03 Feb, 2023 10:27am

Opinion

Prices and inflation

It is quite clear that overall the monetary policy tool of raising policy rate to rein in inflation has not had any...

Updated 27 Jan, 2023 07:57am

Opinion

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing...

Published 20 Jan, 2023 06:44am

Opinion

Global economic challenges and prospects for 2023

A few days before the release of World Bank’s flagship ‘Global Economic Prospects’ (GEP) January 2023 report...

Updated 13 Jan, 2023 07:33am

Opinion

PTI’s ‘White Paper’ on economy

A couple of days ago, Pakistan Tehreek-e-Insaf (PTI) presented ‘White Paper’ at a seminar on the economy, which...

Published 06 Jan, 2023 05:58am

Opinion

2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy

Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has...

Updated 30 Dec, 2022 06:28am

Opinion

Ending the assault of austerity and procyclical policy stance

‘The world is confronting multiple, compounding crises, from Covid-19, energy, inflation, debt, and climate shocks...

Published 23 Dec, 2022 05:54am

Opinion

IMF policy needs a serious rethink

The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy...

Published 16 Dec, 2022 05:58am

Gainers
Losers
Leaders

Stock	Price
Abdullah Shah / Sep 28 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.49 ▲ 0.45 (8.93%)
Universal Ins. / Sep 28 The Universal Insurance Company Limited(UVIC)	3.80 ▲ 0.29 (8.26%)
Shakarganj / Sep 28 Shakarganj Limited(SML)	37.42 ▲ 2.61 (7.50%)
Invest Bank / Sep 28 Invest Capital Investment Bank Limited(ICIBL)	1.12 ▲ 0.07 (6.67%)
PICIC Ins.Ltd. / Sep 28 PICIC Insurance Limited(PIL)	0.86 ▲ 0.05 (6.17%)
Chakwal Spinning / Sep 28 Chakwal Spinning Mills Limited(CWSM)	1.25 ▲ 0.07 (5.93%)
Pak. P.V.C. / Sep 28 Pakistan PVC Limited(PPVC)	5.30 ▲ 0.28 (5.58%)
EFU General / Sep 28 EFU General Insurance Limited(EFUG)	89.50 ▲ 4.65 (5.48%)
Ist.Capital Sec / Sep 28 First Capital Securities Corporation(FCSC)	0.98 ▲ 0.05 (5.38%)
Habib Rice Products / Sep 28 Habib Rice Product Limited(HRPL)	39.50 ▲ 2.00 (5.33%)

Stock	Price
SME Leasing Ltd / Sep 28 SME Leasing Limited(SLL)	1.72 ▼ -0.68 (-28.33%)
Pak Oilfields / Sep 28 Pakistan Oilfields Limited(POL)	388.80 ▼ -50.69 (-11.53%)
Shadab Textile / Sep 28 Shadab Textile Mills Limited(SHDT)	10.72 ▼ -1.00 (-8.53%)
Kohat Textile / Sep 28 Kohat Textile Mills Limited(KOHTM)	11.30 ▼ -0.95 (-7.76%)
Masood Textile / Sep 28 Masood Textile Mills Limited(MSOT)	41.50 ▼ -3.36 (-7.49%)
Gharibwal Cement / Sep 28 Gharibwal Cement Limited(GWLC)	15.90 ▼ -0.79 (-4.73%)
At-Tahur Ltd. / Sep 28 At-Tahur Limited(PREMA)	15 ▼ -0.70 (-4.46%)
First Prudential Mod. / Sep 28 First Prudential Modaraba(PMI)	1.58 ▼ -0.06 (-3.66%)
Azgard Nine / Sep 28 Azgard Nine Limited(ANL)	6.32 ▼ -0.22 (-3.36%)
Attock Petroleum / Sep 28 Attock Petroleum Limited(APL)	292 ▼ -9.97 (-3.30%)

Stock	Volume
Maple Leaf Cement / Sep 28 Maple Leaf Cement Factory Limited(MLCF)	11,085,943 ▼ -0.09
Pak Petroleum / Sep 28 Pakistan Petroleum Limited(PPL)	9,115,995 ▲ 0.12
WorldCall Telecom / Sep 28 Worldcall Telecom Limited(WTL)	7,096,855 ▲ 0.00
P.I.A.C.(A) / Sep 28 Pakistan International Airlines Corp(PIAA)	6,933,000 ▲ 0.19
Oil & Gas Dev. / Sep 28 Oil & Gas Development Company Limited(OGDC)	6,830,288 ▲ 0.00
Agritech Limited / Sep 28 Agritech Limited(AGL)	6,756,500 ▲ 0.34
Dewan Motors / Sep 28 Dewan Farooque Motors Limited(DFML)	6,537,980 ▲ 0.01
Bankislami Pak. / Sep 28 BankIslami Pakistan Limited(BIPL)	6,477,203 ▼ -0.22
B.O.Punjab / Sep 28 The Bank of Punjab(BOP)	6,308,530 ▼ -0.02
Sui North Gas / Sep 28 Sui Northern Gas Pipelines Limited(SNGP)	5,152,021 ▼ -0.12

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 28	288.03
USD PKR Interbank Buying / Sep 28	287.73
USD to Japanese Yen / Sep 28	149.36
USD to Swiss Franc / Sep 28	0.92
Pound Sterling to USD / Sep 28	1.21
Euro to USD / Sep 28	1.05
UK LIBOR % / Sep 27	5.43

Stock	Volume
S&P 500 / Sep 27	4274.51
Nasdaq / Sep 27	13092.85
FTSE 100 / Sep 27	7593.22
Dow Jones / Sep 27	33550.27
Germany DAX 30 / Sep 27	15217.45
France CAC40 / Sep 27	7071.79
India Sensex / Sep 28	66115.09
Tokyo Nikkei / Sep 28	31744.50
Hang Seng / Sep 28	17429.46

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 27	17935
Gold 10 Grams PKR / Sep 27	174950
Crude Oil USD/Barrel / Sep 28	94.58
Gold Spot USD/Ounce / Sep 28	1874.97
Cotton US¢/pound / Sep 28	88.65

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