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Bank of England

Ex-Bank of England governor King says central banks share blame for inflation

LONDON: Former Bank of England Governor Mervyn King said on Friday that central banks including the BoE are to blame...

Published 20 May, 2022 04:51pm

Markets

BoE’s Pill sees need for further interest rate rises

LONDON: The Bank of England will need to raise interest rates further to combat the risk of self-perpetuating price...

Published 20 May, 2022 01:55pm

Business & Finance

Sterling at two-week high

LONDON: Sterling climbed to a two-week high against a weaker dollar on Thursday, winning a respite for now from the...

Published 20 May, 2022 05:15am

Business & Finance

UK inflation jumps to 40-year peak

LONDON: Britain’s annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data...

Published 18 May, 2022 12:39pm

Markets

FTSE 100 lags European peers on strong pound

LONDON: UK stocks advanced on Tuesday on hopes that China would ease its COVID-19 curbs and regulatory scrutiny,...

Published 18 May, 2022 05:54am

Business & Finance

Sterling hits highest since May 5

LONDON: The British pound rose to its highest level since May 5 on Tuesday as strong labour market data reinforced...

Published 18 May, 2022 05:54am

World

UK unemployment hits 48-year low but inflation squeezes pay

LONDON: Britain’s unemployment rate fell to its lowest since 1974 in the first three months of this year, but...

Published 17 May, 2022 12:58pm

Business & Finance

Sterling steadies

LONDON: Sterling steadied on Monday after Bank of England Governor Andrew Bailey said the current inflation surge ...

Published 17 May, 2022 05:39am

Business & Finance

Sterling steadies but declines against dollar

LONDON: Britain’s pound steadied against the dollar on Friday, although it was set for a fourth consecutive week ...

Published 16 May, 2022 05:42am

Business & Finance

UK economic growth slows in first quarter

LONDON: Britain’s economy grew at a slower pace in the first quarter compared with the final three months of last...

Published 12 May, 2022 01:07pm

Business & Finance

Sterling edges up against dollar, little changed versus euro

LONDON: Sterling barely changed against the euro on Wednesday, while it edged up versus the dollar but still within...

Published 12 May, 2022 05:40am

Opinion

The exchange rate challenge

It is interesting to see that as far as the economic priorities are concerned, there seems to be an unannounced...

Published 11 May, 2022 04:58am

Markets

London stocks slide as China growth dent global risk appetite

LONDON: UK shares ended lower on Monday, as tightening lockdowns in China added to investors’ concerns about a...

Published 10 May, 2022 05:10am

Business & Finance

Bruised pound nurses losses at two-year low with outlook bearish

LONDON: Britain’s battered pound fell to its lowest level since June 2020 against the dollar for a third straight...

Published 10 May, 2022 05:10am

Markets

BoE’s Saunders says neutral rate might be in 1.25-2.5% range

LONDON: Bank of England policymaker Michael Saunders said the neutral rate of interest - the level at which it...

Published 09 May, 2022 07:36pm

Business & Finance

Virgin Money raises annual net interest margin forecast as profit jumps

LONDON: British challenger bank Virgin Money UK Plc raised its annual net interest margin forecast on Thursday,...

Published 09 May, 2022 05:39am

Business & Finance

BoE’s Pill says UK must accept income hit from high inflation

LONDON: People and businesses in Britain need to realise they are unlikely to recover the income lost to high...

Published 07 May, 2022 06:49am

Business & Finance

Sterling hits new lows against dollar, euro

LONDON: Sterling hit new lows against the dollar and the euro after the Bank of England warned of recession risks,...

Published 07 May, 2022 05:46am

Markets

BoE’s Pill says UK must accept income hit from high inflation

LONDON: People and businesses in Britain need to realise they are unlikely to recover the income lost to high...

Published 06 May, 2022 08:10pm

Markets

Economy worries drag FTSE 100 lower, British Airways owner slides

UK’s blue-chip index slipped on Friday, with British Airways owner falling the most after disappointing earnings,...

Published 06 May, 2022 02:06pm

Markets

BoE’s Pill says arguments on rate-setting are ‘finely balanced’

LONDON: Bank of England Chief Economist Huw Pill said on Friday that the central bank faced difficult choices about...

Published 06 May, 2022 01:47pm

Markets

Sliding pound supports FTSE 100 after BoE flags recession risk

LONDON: Britain’s blue-chip index closed slightly higher on Thursday, supported by strong earnings from energy...

Published 06 May, 2022 05:03am

BoE hikes interest rate to 13-year peak

LONDON: The Bank of England on Thursday raised its main interest rate by a quarter point to one percent to tackle...

Published 06 May, 2022 05:03am

Business & Finance

Sterling drops back towards 21-month lows before BoE decision

LONDON: Britain’s pound weakened against a rebounding dollar despite expectations that the Bank of England will...

Published 06 May, 2022 05:03am

Business & Finance

Bank of England raises rates to 1% despite looming recession risk

LONDON: The Bank of England raised interest rates to their highest since 2009 at 1% on Thursday to counter inflation...

Published 05 May, 2022 06:05pm

Markets

Sterling little changed near 21-month low ahead of BoE, Fed

LONDON: The British pound was little changed on Wednesday, near its lowest level in 21 months, ahead of central bank...

Published 04 May, 2022 08:20pm

Markets

FTSE 100 up 0.5pc

LONDON: London’s FTSE 100 rose on Friday, driven by miners and strong quarterly earnings, with investors now...

Published 30 Apr, 2022 05:53am

Markets

Sterling set for biggest monthly drop

LONDON: Sterling rose against the dollar on Friday but was still set for its sharpest monthly drop since October...

Published 30 Apr, 2022 05:53am

Business & Finance

Sterling tumbles to 21-month low

LONDON: The British pound tumbled on Thursday to a 21-month low against a buoyant US dollar that also hit multi-year...

Published 29 Apr, 2022 05:43am

Business & Finance

Sterling falls to 21-month low vs dollar

LONDON: Sterling fell to a fresh 21-month low versus the dollar on Wednesday as Britain’s weak economic outlook ...

Published 28 Apr, 2022 05:37am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	278.00 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	78.00 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	641.42 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	10.15 ▼ 0.00 (0.00%)
Attock Cement / May 21 Attock Cement Pakistan Limited(ACPL)	85.59 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	278.00 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	78.00 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	641.42 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	10.15 ▼ 0.00 (0.00%)
Attock Cement / May 21 Attock Cement Pakistan Limited(ACPL)	85.59 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	200.20
USD PKR Interbank Buying / May 20	199.80
USD to Japanese Yen / May 20	127.88
USD to Swiss Franc / May 20	0.97
Pound Sterling to USD / May 20	1.25
Euro to USD / May 20	1.06
UK LIBOR % / May 20	0.82

Stock	Volume
S&P 500 / May 20	3901.36
India Sensex / May 20	54326.39
Tokyo Nikkei / May 20	26739.03
Nasdaq / May 20	11354.62
Hang Seng / May 20	20717.24
FTSE 100 / May 20	7389.98
Dow Jones / May 20	31261.90
Germany DAX 30 / May 20	13981.91
France CAC40 / May 20	6285.24

Item	Value
Crude Oil / May 20	113.23
Karachi Cotton Assoc. / May 20	21180.00
Gold 10 Grams / May 20	115200.00
Gold Spot / May 20	1846.50
Cotton / May 20	125.18

Bank of England

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