Trends - developing countries - Business Recorder

developing countries

PM explains significance of ‘NEOC’

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar while inaugurating the National Emergencies Operation Centre...

Published 06 Oct, 2023 03:03am

World

G77+China summit in Cuba calls for new global order

HAVANA: The G77+China, a group of developing and emerging countries representing 80 percent of the world’s...

Updated 17 Sep, 2023 06:53am

Opinion

Unwarranted austerity policy

As another monetary policy statement is about to be released, as the writer contributes this article, it is time to...

Updated 15 Sep, 2023 07:25am

Business & Finance

Investors see long wait for enlarged BRICS’ economic boon

JOHANNESBURG/LONDON: The expansion of the BRICS group of developing countries could provide a lifeline to...

Published 28 Aug, 2023 06:27am

Opinion

Debt, weak multilateralism, and austerity

The number of developing countries having high debt levels, that is having public debt more than 60 percent of their...

Updated 04 Aug, 2023 06:53am

World

165m people fell into poverty in 3 years of crisis: UN

UNITED NATIONS: The Covid-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million...

Published 15 Jul, 2023 06:08am

World

Rich nations pledge to unlock hundreds of billions of dollars for climate fight

PARIS: Multilateral development banks like the World Bank are expected to find $200 billion in extra firepower for...

Published 24 Jun, 2023 06:02am

Opinion

Climate change, debt, and inflation

“If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not ...

Updated 09 Jun, 2023 07:10am

Opinion

Pakistan, and international global financial order: Revisiting macroeconomic policy

In the recently released report ‘Regional Economic Outlook: Middle East and Central Asia’ by International...

Published 05 May, 2023 06:44am

Business & Finance

Debt assessments should reflect growing share of domestic debt: World Bank

WASHINGTON: Debt sustainability analyses carried out by the World Bank and International Monetary Fund should...

Updated 27 Apr, 2023 09:02am

Half a trillion in debt haircuts essential for sustainability: study

LONDON: Up to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of...

Updated 07 Apr, 2023 08:50am

Opinion

Neoliberalism, austerity, and climate change crisis

‘Scientists have delivered a “final warning” on the climate crisis, as rising greenhouse gas emissions push ...

Published 24 Mar, 2023 05:55am

Opinion

Debt relief for developing countries

Many developing and low-income countries are under debt distress, and a few of which are also facing food crisis as...

Published 13 Mar, 2023 06:15am

Economic and investment sectors: PM, Qatari ruler discuss furthering cooperation

DOHA: Prime Minister Muhammad Shehbaz Sharif and Amir of Qatar Sheikh Tamim bin Hamad Al Thani on Sunday discussed a...

Updated 06 Mar, 2023 08:44am

Poor nations’ leaders unleash anger, despair

Make pointed calls for developed powers to come good with billions of dollars of promised aid to help them escape poverty and battle climate change

Updated 06 Mar, 2023 08:41am

Pakistan

PM Shehbaz arrives in Doha to attend UN conference on LDCs

Premier says will share Pakistan’s perspective on the socio-economic challenges facing LDCs in Asia and Africa

Updated 05 Mar, 2023 01:46pm

Opinion

Developing countries’ lost decade?

Global average temperatures have reached 1.2 degrees centigrade above the pre-industrial era, and most scientific...

Updated 03 Mar, 2023 06:58am

Opinion

Debt relief for developing countries

When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of...

Published 17 Feb, 2023 06:00am

Opinion

Joy at ‘historic’ climate damages deal

Vulnerable nations least responsible for planet-heating emissions have been battling for three decades for wealthy...

Published 21 Nov, 2022 06:40am

Pakistan

Plight of poor nations: Pakistan urges world community to mobilise financing

NEW YORK: Pakistan, speaking on behalf of the Group of 77 (developing countries) and China, has called for the...

Published 17 Oct, 2022 07:25am

Pakistan

Pakistan calls for mobilising resources to end poverty, hunger and address climate issues

NEW YORK: Pakistan stressed the international community on Wednesday for evolving an emergency action plan and...

Published 15 Jul, 2022 07:29am

World

World Bank’s Reinhart sees ‘long haul’ before any debt reductions for developing countries

MADRID: World Bank chief economist Carmen Reinhart said it could take many more years before the growing number of...

Published 29 Jun, 2022 07:01pm

Pakistan

‘Bangladesh has become role model for developing countries’

KARACHI: The Deputy High Commissioner of Bangladesh in Karachi Mahbubul Alam in his address under the auspices of...

Published 26 Jun, 2022 06:09am

Pakistan

Pakistan, speaking for G77/China, urges accelerated steps for recovery in Covid-hit countries

KARACHI: Pakistan, speaking on behalf of Group of 77 (developing countries) and China, has called for boosting...

Published 11 Jun, 2022 06:14am

Pakistan among states that appear vulnerable: UN warns over Ukraine shock to developing states’ debt

GENEVA: Developing countries need urgent action to help manage their debt following the food and fuel price surges...

Updated 29 Mar, 2022 09:47am

Opinion

Serious debt distress facing developing countries

Many of the developing countries are net importers of oil whose price has been rising, only recently to a seven-year...

Published 11 Feb, 2022 04:31am

Editorials

Ill-gotten money Laundromats

EDITORIAL: Speaking at the so-called “Democracy Summit” recently hosted by President Joe Biden, US Treasury...

Updated 15 Dec, 2021 07:07am

Opinion

‘FDI keeps falling…’

This is apropos a BR Research analysis “FDI keeps falling…” carried by the newspaper yesterday. According to...

Published 24 Nov, 2021 05:18am

Opinion

'Tax havens'

This is apropos a Business Recorder op-ed "Tax havens" carried by the newspaper sometime ago. The writer, Farhat ...

Published 08 Nov, 2021 05:19am

World

Developing countries need 10 times more money to protect themselves from climate change effects: UN

GLASGOW: Developing countries need up to 10 times more funding to protect themselves from increasingly ferocious...

Published 05 Nov, 2021 04:39am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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