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British GDP

UK Budget: Hunt sets out his plan for growth

LONDON: British finance minister Jeremy Hunt set out his budget on Wednesday, seeking to snap the world’s...

Published 15 Mar, 2023 06:29pm

World

UK unemployment at historic low but inflation hits wages

LONDON: British unemployment remains near its historical low but wages are still falling in real terms, official...

Published 14 Mar, 2023 05:53pm

World

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

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

Published 26 Jan, 2023 04:53pm

World

UK income inequality widens after pandemic dip

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

Published 25 Jan, 2023 05:53pm

World

UK retail sales slide on cost-of-living crisis

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

Published 20 Jan, 2023 07:16pm

Business & Finance

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

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

Published 18 Jan, 2023 12:36pm

World

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

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

Published 18 Jan, 2023 12:26pm

World

IMF warns that UK faces ‘sobering’ economic outlook

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

Published 12 Jan, 2023 09:08pm

World

UK house prices set for 15% drop, Nomura predicts

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

Published 12 Jan, 2023 07:49pm

World

Biggest UK house price fall recorded since financial crisis

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

Published 06 Jan, 2023 02:39pm

Business & Finance

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

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

Published 03 Jan, 2023 05:20pm

World

Truss faces new challenge over UK welfare payments

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

Published 04 Oct, 2022 06:51pm

World

UK's Truss tries to reassure on economic plan

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

Updated 02 Oct, 2022 04:27pm

World

Britain bets all on historic tax cuts and borrowing, investors take fright

LONDON: Britain’s new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on...

Published 23 Sep, 2022 05:01pm

World

UK retail sales in surprise rebound

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

Published 19 Aug, 2022 07:30pm

World

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

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

Published 17 Aug, 2022 04:56pm

World

British government to hold confidence vote in itself on Monday

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

Published 13 Jul, 2022 05:18pm

World

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

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

Published 13 Jul, 2022 04:59pm

World

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

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

Published 25 Jun, 2022 04:54pm

Markets

Sterling slips for 4th day vs resurgent dollar

Pound falls 0.1% against dollar
Flat against euro after touching highest in 18-months
Traders hold off major bets ahead of Thursday GDP data

Published 11 Aug, 2021 05:53pm

Business & Finance

BoE's Vlieghe sees rates rising in 2022 if economy recovers

BoE's Vlieghe sees a first rate rise "well into" 2022.
Strong Q1 2022 labour data could bring hike soon after.
Sterling and bond yields rise after Vlieghe's remarks.

Published 27 May, 2021 06:41pm

Markets

Sterling sidelined as dollar softens, euro plays catch-up

The pound's performance this year has been second only to the commodity-driven Canadian dollar among G10 currencies, buoyed by Britain's fast rollout of vaccines that sparked hopes of its economy reopening.
Traders said a lack of fresh economic data or other strong drivers meant the pound could not for now continue its recent march back to its high for the year of $1.4240, a level last reached in February.

Updated 25 May, 2021 06:48pm

World

UK PMI business survey hits record high as lockdowns ease, prices jump too

Retail sales and consumer confidence data earlier on Friday also pointed to a swift recovery taking shape in Britain's economy as hard-hit restaurants, pubs and shops reopened following months of lockdown closures.
Hotels, restaurants and other previously closed consumer services saw the strongest jump in demand, the PMIs showed.

Published 21 May, 2021 05:04pm

World

Bank of England flags slower bond-buying as economy recovers

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.

Published 06 May, 2021 05:53pm

Markets

Sterling slips after reaching two-week high versus dollar

Versus the dollar, sterling was 0.4% lower at $1.3854 at 0859 GMT, after earlier touching $1.3919, its highest since March 19.
Sterling had its best quarter since 2015 versus the euro, gaining around 4.8%.

Updated 06 Apr, 2021 07:29pm

World

UK consumers cut their borrowing at record annual pace in Feb

UK consumer lending falls at fastest rate since records began.
Built-up household savings point to fuel for economic recovery.
Mortgage approvals drop before new budget measures announced.
Household finances survey shows strain but improvement.

Published 29 Mar, 2021 07:20pm

World

UK public inflation expectations cool again in March

Economists from Citi said improvements in the economic outlook appeared to be reducing fears of high inflation and uncertainty among members of the public.
"All of these developments suggest the risks surrounding inflation expectations - and in particular the risk expectations could become de-anchored to the upside - may be beginning to ease," the said.

Published 25 Mar, 2021 06:29pm

World

Jump in UK inflation to put focus on BoE policy splits

Economists see UK inflation at 2.5% by late 2021 from 0.7% now.
Oil and one-off effects will lift UK prices through the year.
Soft jobs market to keep BoE away from raising rates this year.
BoE officials divided over how fast labour slack will dry up.
BoE's Haldane fears past deflationary forces poised to reverse.

Published 22 Mar, 2021 08:16pm

Business & Finance

Uber grants UK drivers worker status in world first

From Wednesday, "more than 70,000 drivers in the UK will be treated as workers, earning at least the national living wage when driving with Uber.

Published 17 Mar, 2021 10:50am

Markets

UK draws record demand for inflation-linked bond

Investors submitted 2.832 billion pounds ($3.93 billion) of bids for the 800 million pounds on offer of an index-linked bond maturing in August 2031 .
That gave a bid-to-cover ratio of 3.54, the highest for any index-linked bonds since such auctions began in 1998.

Published 10 Mar, 2021 06:23pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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