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economic activity

Post-covid: Mood swings!

As countries double-down on Covid-19 through massive vaccination programs, the hope to unmask and restore economic...

Published 25 May, 2021 07:40am

Pakistan

Govt aims to construct 10 dams across Pakistan by 2028, says PM Khan

Imran says Mohmand Dam will solve the water and electricity woes of the people in the region
All are equal before the law and those involved in corrupt practices will not be spared at any cost: PM

Published 19 May, 2021 04:55pm

BR Research

Sugar: is this the new normal?

Pakistan’s monthly foreign trade report card for March 2021 shows only a trickle of sugar imports, keeping 9MFY21...

Published 17 May, 2021 07:35am

PM for inclusion of new uplift projects in FY22 PSDP

ISLAMABAD: While setting priorities for next fiscal year public sector development programme, Prime Minister Imran...

Published 08 May, 2021 03:30am

BR Research

Interloop cruising on exports

The third and a much stronger and deadlier wave of coronavirus in the country is raising concerns for the economic...

Published 07 May, 2021 07:35am

BR Research

Allied Bank: Smooth sailing

Allied Bank Limited (ABL) declared Rs2/share as interim dividend to go along the first quarterly financial results...

Published 28 Apr, 2021 07:40am

Business & Finance

IMF sees stronger global growth as some COVID clouds begin to clear

IMF Chief Economist Gita Gopinath said the improvement was largely due to increased fiscal support, including a new $1.9 trillion U.S. aid package, accelerated vaccinations and continued adaptation of economic activity to overcome pandemic restrictions.

Published 07 Apr, 2021 10:52am

Business & Finance

Rise in US weekly jobless claims belies improving labour market conditions

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though...

Published 02 Apr, 2021 04:58am

Moody’s says B3 rating underpinned by country’s robust growth potential

ISLAMABAD: Moody's Investors Service (Moody's) has assigned a foreign currency senior unsecured programme rating of...

Published 01 Apr, 2021 04:10am

World

Brazil's central bank trims 2021 GDP growth forecast to 3.6pc, cites pandemic

"The recent worsening of the health crisis will perhaps interrupt or delay the recovery of economic activity," the central bank said.
The central bank's 3.6% growth forecast for this year is still higher than the government's official 3.2% projection.

Published 25 Mar, 2021 05:48pm

Housing and construction sector: Concern voiced over slow pace of approvals in Sindh

ISLAMABAD: Prime Minister Imran Khan on Thursday chaired the weekly meeting of the National Coordination Committee...

Published 11 Mar, 2021 05:25am

Business & Finance

Pakistan’s economic growth prospects showing signs of improvement

Taking all these observations into account, YoY inflation for next month may remain between 5.5−7.5 percent.
The Monthly Economic Indicator (MEI), which is based on combining monthly data of indicators that are proven to be correlated with GDP at constant prices shows continued strong growth in January, in continuation with what was observed in the previous seven months.

Published 27 Feb, 2021 12:59pm

World

Thai jobless rate dips in Q4 but remains near multi-year high

Employment increased slightly, while the unemployment rate remained high and working hours were still lower than pre-crisis levels.
Employment increased slightly, while the unemployment rate remained high and working hours were still lower than pre-crisis levels.

Published 23 Feb, 2021 05:22pm

World

Euro zone mulls stimulus calibration when economy restarts after COVID

The issue is how best combine to the commitment to short- term support with a credible medium-term fiscal strategy. Now the measures are non-discriminatory. With time, more and more sectors approach normality, it will be time to wean off the corporate sector from public support. Different sectors will have different recovery dynamics.

Published 15 Feb, 2021 08:44pm

Business & Finance

Thai economy recovers in Dec

BANGKOK: Thailand’s economy continued to improve in December but the recovery remained patchy with a second wave ...

Published 30 Jan, 2021 03:55am

Business & Finance

Fed holds policy steady

WASHINGTON: The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to ...

Updated 28 Jan, 2021 09:28am

World

Egypt using development finance to boost private sector

State-led economic activity has helped cushion the economic impact of COVID-19.
"And we have announced that 2021 for us is the year of more private sector engagement."

Published 26 Jan, 2021 06:52pm

Business & Finance

Muted recovery for UK retailers in Dec ends worst year on record

LONDON: British retailers struggled to recover in December from a partial coronavirus lockdown the previous month,...

Published 23 Jan, 2021 03:56am

Business & Finance

Indonesia keeps rates unchanged, vows more support

JAKARTA: Indonesia’s central bank held interest rates unchanged on Thursday as it stuck to its 2021 growth...

Published 22 Jan, 2021 04:47am

Business & Finance

Bank of Canada says medium term outlook brighter, risks remain

The central bank, outlining its quarterly economic forecasts, said that despite the stronger outlook it does not expect inflation to return sustainably to target until 2023.
The medium-term outlook is stronger than in the October Report because of the positive effects from vaccines, greater fiscal stimulus, stronger foreign demand and higher commodity prices.

Published 20 Jan, 2021 09:44pm

Business & Finance

Jordan says 2.5pc growth in 2021 depends on continued economic activity during pandemic

Ississ said that the 2021 forecast, which was in line with IMF estimates, depended on the country continuing to reopen.

Published 17 Jan, 2021 05:14pm

Markets

Japan's cash balance hits fresh high as central bank keeps support for economy

With the pandemic seen prolonging the battle to hit its elusive 2% inflation target, the central bank last month also announced a plan to reassess its policy framework to make it more sustainable.

Published 05 Jan, 2021 10:39am

Pakistan

FBR collects net revenue of Rs2204bn in last six months

According to release, it is expected that revenue to be collected from book adjustment will increase in coming days.

Published 02 Jan, 2021 12:40am

Pakistan

FBR issues refunds of Rs144bn till December

Despite increase in refunds, the FBR had still managed to cross the revenue collection in the first five months of current year.

Published 25 Dec, 2020 12:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93
Tokyo Nikkei / May 1	38274.05

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Cotton US¢/pound / May 1	78.01
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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