Topic

British economy

With eye on election, UK’s Hunt cuts taxes in bid to boost economy

Published 23 Nov, 2023 03:19am

LONDON: British finance minister Jeremy Hunt announced tax cuts for workers before an expected 2024 election and he...

British environment minister Coffey resigns in reshuffle

Published 13 Nov, 2023 06:30pm

LONDON: British environment secretary Therese Coffey resigned on Monday as Prime Minister Rishi Sunak reshuffled his...

British economy stalls in third quarter

Published 13 Nov, 2023 06:31am

LONDON: Britain’s economy stagnated in the third quarter, official data showed Friday, weighed down by elevated...

Bank of England halts run of interest rate hikes as economy slows

Published 21 Sep, 2023 05:48pm

LONDON: The Bank of England halted its long run of interest rate increases on Thursday as the British economy...

UK economy grows slightly in late 2022: official data

Published 31 Mar, 2023 01:21pm

LONDON: The British economy performed slightly better than previously estimated in the final quarter of last year as...

UK retail sales volumes slide at fastest rate since April: CBI

Published 26 Jan, 2023 04:53pm

LONDON: British retail sales volumes slid over the last month at the fastest rate since April last year, underlining...

UK income inequality widens after pandemic dip

Published 25 Jan, 2023 05:53pm

LONDON: British income inequality rose to a three-year high in the 2021/22 financial year after a dip during the...

UK retail sales slide on cost-of-living crisis

Published 20 Jan, 2023 07:16pm

LONDON: UK retail sales sank over the key Christmas trading period as consumers tightened belts in a cost-of-living...

BoE’s Bailey sees more optimism about inflation falling

Published 19 Jan, 2023 06:14pm

LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation...

UK inflation drops to 3-month low of 10.5% in December

Published 18 Jan, 2023 12:36pm

LONDON: British consumer price inflation fell to a three-month low of 10.5% in December, offering some comfort to...

UK finance minister: We must stick to plan to bring down ‘nightmare’ inflation

Published 18 Jan, 2023 12:26pm

LONDON: British finance minister Jeremy Hunt welcomed a small dip in inflation on Wednesday, but said the government...

IMF warns that UK faces ‘sobering’ economic outlook

Published 12 Jan, 2023 09:08pm

LONDON: The International Monetary Fund says Britain faces a “sobering” economic outlook for 2023, according to a...

UK house prices set for 15% drop, Nomura predicts

Published 12 Jan, 2023 07:49pm

LONDON: British house prices look on track to fall around 15% by mid-2024, economists from Japanese bank Nomura said...

Biggest UK house price fall recorded since financial crisis

Published 06 Jan, 2023 02:39pm

LONDON: British house prices slid in December, capping the largest quarterly drop since the financial crisis more...

UK manufacturing ends 2022 on a low as orders shrink: PMI

Published 03 Jan, 2023 05:20pm

LONDON: British manufacturers reported one of their sharpest falls in activity since the 2008-09 recession last...

Oil, defence stocks support FTSE 100 despite inflation shock

Published 16 Nov, 2022 01:37pm

The FTSE 100 rose on Wednesday, lifted by energy and defence stocks, even as hotter-than-expected inflation data...

Truss faces new challenge over UK welfare payments

Published 04 Oct, 2022 06:51pm

BIRMINGHAM: British Prime Minister Liz Truss triggered a new row in her party on Tuesday by suggesting she could...

UK's Truss tries to reassure on economic plan

Updated 02 Oct, 2022 04:27pm

LONDON: British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should...

Sterling slides below $1.15 for first time since 2020

Published 02 Sep, 2022 06:00am

LONDON: Sterling skidded against the dollar on Thursday to its lowest level since March 2020 as storm clouds ...

UK retail sales in surprise rebound

Published 19 Aug, 2022 07:30pm

LONDON: British retail sales surprisingly rose overall in July but consumer confidence is at a record-low level as...

UK inflation to hit 15% in early 2023, Citi predicts

Published 17 Aug, 2022 04:56pm

LONDON: British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of...

UK parliamentary committee requests documents for investigation into PM Johnson

Published 15 Jul, 2022 05:20pm

LONDON: A committee of lawmakers has requested diaries, emails, photos and mobile phone messages from Boris...

British government to hold confidence vote in itself on Monday

Published 13 Jul, 2022 05:18pm

LONDON: The British government will hold a confidence vote in itself on Monday, the BBC reported on Wednesday, after...

UK’s Johnson: ‘I will be leaving soon with my head held high’

Published 13 Jul, 2022 04:59pm

LONDON: British Prime Minister Boris Johnson said on Wednesday he would be leaving soon with his “head held high”, a...

UK body to recommend 4-5% pay rise for 1.5mn health workers

Published 25 Jun, 2022 04:54pm

LONDON: British public-sector health workers should receive an annual pay rise of 4-5% this year, a government...

Sterling weakens as market selloff, data shakes sentiment

Published 22 Jan, 2022 05:46am

LONDON: The pound weakened broadly on Friday, pulling back from a 23-month high versus the euro touched in the...

Sterling eyes 11-month lows

Published 30 Nov, 2021 05:23am

LONDON: Sterling dived back towards a 11-month low on Monday as investors weighed the discovery of the Omicron...

Sterling sags

Updated 07 May, 2021 10:01am

LONDON: Sterling gave up earlier gains on Thursday, as the Bank of England predicted a sharper rebound in the ...

Bank of England flags slower bond-buying as economy recovers

Published 06 May, 2021 05:53pm

The BOE kept its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion), as expected by economists .
The pound and British two-year gilt yields fell after the announcement before recouping those falls.

Profit-taking puts sterling on track for worst day vs euro since February

Published 06 Apr, 2021 08:15pm

Sterling also fell 0.5% against the dollar to $1.3844, after earlier touching $1.3919, its highest since March 19.

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79

Item	Value
Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

Gainers
Losers
Leaders

Stock	Price
Azgard Nine (Non-Voti) / Jun 4 Azgard Nine (Non-Voti)(ANLNV)	8.40 ▲ 0.97 (13.06%)
Ruby Textile / Jun 4 Ruby Textile Mills Limited(RUBY)	18.67 ▲ 1.7 (10.02%)
Universal Ins. / Jun 4 The Universal Insurance Company Limited(UVIC)	25.59 ▲ 2.33 (10.02%)
Tri-Star Power / Jun 4 Tri-Star Power Limited(TSPL)	15.38 ▲ 1.4 (10.01%)
Pak Synthetics / Jun 4 Pakistan Synthetics Limited(PSYL)	127.36 ▲ 11.58 (10%)
Zuma Resources / Jun 4 Zuma Resources Limited(ZUMA)	72.62 ▲ 6.6 (10%)
Allawasaya Tex / Jun 4 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,707.26 ▲ 155.21 (10%)
Nets Internat.Comm. / Jun 4 Nets International Communication Limited(GEMNETS)	27.95 ▲ 2.54 (10%)
Askari Life Assur. / Jun 4 Askari Life Assurance Company Limited(ALAC)	21.16 ▲ 1.92 (9.98%)
First IBL Mod. / Jun 4 First IBL Modaraba(FIBLM)	11.36 ▲ 0.99 (9.55%)

Stock	Price
Arpak Int. / Jun 4 Arpak International Investments Ltd.(ARPAK)	106 ▼ -9.45 (-8.19%)
Ellcot Spinning / Jun 4 Ellcot Spinning Mills Limited(ELSM)	105.80 ▼ -9.02 (-7.86%)
Crescent Cotton / Jun 4 Crescent Cotton Mills Limited(CCM)	36.55 ▼ -3.05 (-7.7%)
Blessed Tex. / Jun 4 Blessed Textiles Limited(BTL)	1,110 ▼ -74.3 (-6.27%)
IbrahimFibres / Jun 4 Ibrahim Fibres Limited(IBFL)	217.52 ▼ -14.47 (-6.24%)
Dewan Textile / Jun 4 Dewan Textile Mills Limited(DWTM)	9.05 ▼ -0.59 (-6.12%)
Ahmad Hassan / Jun 4 Ahmad Hassan Textile Mills Limited(AHTM)	80 ▼ -5.11 (-6%)
Kohat Textile / Jun 4 Kohat Textile Mills Limited(KOHTM)	78.02 ▼ -4.46 (-5.41%)
Shadman Cotton / Jun 4 Shadman Cotton Mills Limited(SHCM)	47.40 ▼ -2.48 (-4.97%)
Dawood Equities / Jun 4 Dawood Equities Limited(DEL)	19.64 ▼ -0.92 (-4.47%)

Stock	Volume
Beco Steel Ltd / Jun 4 Beco Steel Limited(BECO)	44,243,212 ▲ 0.19
P.T.C.L. / Jun 4 Pakistan Telecommunication Company Ltd(PTC)	12,918,521 ▲ 2.42
Wasl Mobility Mod. / Jun 4 Wasl Mobility Modaraba(WASL)	12,123,659 ▲ 0.35
Pak Qatar Family / Jun 4 Pak Qatar Family Takaful Limited(PAKQATAR)	10,616,119 ▲ 2.17
TPL Properties / Jun 4 TPL Properties Limited(TPLP)	9,752,468 ▲ 0.42
Telecard Limited / Jun 4 Telecard Limited(TELE)	8,806,189 ▲ 0.4
Dewan Cement / Jun 4 Dewan Cement Limited(DCL)	7,524,595 ▲ 0.12
B.O.Punjab / Jun 4 The Bank of Punjab(BOP)	7,463,474 ▲ 0.38
Pak Int.Bulk / Jun 4 Pakistan International Bulk Terminal(PIBTL)	6,102,917 ▲ 0.43
Cnergyico PK / Jun 4 Cnergyico PK Limited(CNERGY)	4,792,952 ▼ -0.01

British economy

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