Trends - British finance minister

British finance minister

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

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

Published 23 Nov, 2023 03:19am

Markets

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

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

Published 17 Nov, 2022 10:40am

Markets

UK finance minister Hunt tells Bailey he reaffirms BoE independence

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

Published 26 Oct, 2022 12:37pm

UK’s Truss sacrifices her finance minister

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

Updated 15 Oct, 2022 09:41am

Opinion

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

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

Published 03 Oct, 2022 06:16am

World

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

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

Published 23 Jul, 2022 05:31pm

World

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

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

Published 27 May, 2022 11:33am

Business & Finance

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

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

Updated 24 Oct, 2021 02:46pm

World

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

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

Updated 04 Oct, 2021 01:23pm

World

'Britcoin' not bitcoin? UK considers new digital currency

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.

Published 19 Apr, 2021 04:27pm

World

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

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.

Published 16 Mar, 2021 11:09am

Markets

Sterling steadies

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

Published 04 Mar, 2021 04:58am

World

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

"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.

Updated 28 Feb, 2021 04:59pm

World

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

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.

Updated 27 Feb, 2021 09:10pm

World

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

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.

Published 24 Feb, 2021 12:13pm

World

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

"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.

Updated 21 Feb, 2021 06:03pm

World

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

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.

Published 16 Jan, 2021 05:56pm

World

UK's Sunak looking to delay tax rises

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.

Published 09 Jan, 2021 05:52pm

World

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

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

Published 05 Jan, 2021 01:00pm

World

UK extends job retention scheme until the end of April

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

Published 17 Dec, 2020 07:50pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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British finance minister

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