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British finance minister

UK finance minister slams Trump’s Iran war ‘folly’

Published 15 Apr, 2026 07:44am

LONDON: British finance minister Rachel Reeves on Tuesday hit out at the “folly” of US President Donald Trump...

UK’s Reeves considers reversing a decision to charge inheritance tax on ‘non-dom’ global assets, FT reports

Published 17 Jun, 2025 11:23am

British finance minister Rachel Reeves is considering reversing a decision to charge inheritance tax on the global...

UK’s Reeves risks breaking budget promises, IFS think tank says

Published 06 Mar, 2025 11:16am

LONDON: British finance minister Rachel Reeves could have to choose between tax rises and a return to austerity when...

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...

Dollar gains as US spending points to rate hikes; Aussie tumbles

Published 17 Nov, 2022 10:40am

SINGAPORE: The dollar rebounded on Thursday as strong US retail data cast doubt on the recent narrative that...

UK finance minister Hunt tells Bailey he reaffirms BoE independence

Published 26 Oct, 2022 12:37pm

LONDON: British finance minister Jeremy Hunt met Bank of England Governor Andrew Bailey on Tuesday and reaffirmed...

UK’s Truss sacrifices her finance minister

Updated 15 Oct, 2022 09:41am

LONDON: British Prime Minister Liz Truss fired her finance minister Kwasi Kwarteng on Friday and scrapped parts of...

Under water: how the Bank of England threw markets a lifeline

Published 03 Oct, 2022 06:16am

Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday....

‘I am the underdog’, says UK PM candidate Sunak

Published 23 Jul, 2022 05:31pm

GRANTHAM: Former British finance minister Rishi Sunak, one of two remaining candidates to become Britain’s next...

UK’s Sunak says new support package will have minimal impact on inflation

Published 27 May, 2022 11:33am

LONDON: British finance minister Rishi Sunak said on Friday that the new 15 billion pounds ($19 billion)...

UK's Sunak says inflation, rates feed into budget thinking

Updated 24 Oct, 2021 02:46pm

LONDON: British finance minister Rishi Sunak said on Sunday that the outlook for interest rates and inflation will...

UK's Sunak says it's his duty to tell Johnson not to overspend

Updated 04 Oct, 2021 01:23pm

LONDON: British finance minister Rishi Sunak said on Monday that part of his job was to tell Prime Minister Boris...

'Britcoin' not bitcoin? UK considers new digital currency

Published 19 Apr, 2021 04:27pm

UK creates BoE-Treasury taskforce to look at 'digital pound'.
Sunak focused on boosting London's competitiveness after Brexit.
Britain will lift curbs on who can trade shares in London.
Britain will ease limit on off-exchange share trading.

Sunak and Yellen discuss possible new allocation of SDRs: UK treasury

Published 16 Mar, 2021 11:09am

Both agreed that a new SDR allocation could form an important part of a package of support for low-income countries and could be vital for securing a truly global recovery, the statement added.

Sterling steadies

Published 04 Mar, 2021 04:58am

LONDON: Sterling steadied against the dollar on Wednesday and gained against the euro after the announcement of an...

UK's Sunak says public finances won't be fixed overnight

Updated 28 Feb, 2021 04:59pm

"You talked about interest rates and you're right interest rates have been at very low levels, which does allow us to afford slightly higher debt levels," Sunak said.

Sunak to give UK Infrastructure Bank 12bn stg of capital in budget

Updated 27 Feb, 2021 09:10pm

It said this will help the bank, which will launch in the spring and operate UK-wide, unlock billions in private finance to support 40 billion pounds of infrastructure investment.
"We are backing this bank with the finance it needs to deliver modern infrastructure fit for the 21st century and create jobs," said Sunak.

UK's Sunak could extend stamp duty holiday until June-end

Published 24 Feb, 2021 12:13pm

Sunak will use his annual budget on March 3 to move the policy to the end of June, bringing it in line with the easing of lockdown restrictions, the newspaper said.

UK's Sunak to raise business tax to pay for COVID-19 support

Updated 21 Feb, 2021 06:03pm

"The corporation tax hike will be higher than expected and the extension of the support schemes will be longer than most people expect," the newspaper quoted a source as saying.

UK eyes one-off COVID-19 grant instead of permanent benefit hike

Published 16 Jan, 2021 05:56pm

British welfare benefits for working-age adults are low compared with elsewhere in Europe.
The weekly increase to Universal Credit, which is paid to nearly six million working-age households affected by unemployment or low income.

UK's Sunak looking to delay tax rises

Published 09 Jan, 2021 05:52pm

Sunak has also rejected calls to extend a temporary cut to taxes on property purchases, known as stamp duty, that is due to expire at the end of March.
But the truth is that no decisions have been taken this far in advance, not least given the amount of uncertainty in the current outlook.

UK's Sunak to offer more help to businesses on Tuesday, minister says

Published 05 Jan, 2021 01:00pm

"The Chancellor (Sunak) will be saying a little bit more about additional support for business," Michael Gove told Sky News.

UK extends job retention scheme until the end of April

Published 17 Dec, 2020 07:50pm

Sunak also said he was extending government-guaranteed business loan schemes until the end of March.

BR100
BR30
KSE100
KSE30
KMI30

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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 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
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

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

British finance minister

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