Trends - economic crisis - Business Recorder

economic crisis

Umar says ‘next week to be turning point’

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Secretary-General Asad Umar on Sunday praised party’s workers and supporters...

Updated 27 Mar, 2023 12:06pm

Pakistan

‘Pakistan is running out of time,’ warns PBC as IMF programme hangs in balance

As stakeholders contest short-term power, Pakistan's long-term future is in jeopardy, says Pakistan Business Council

Updated 22 Mar, 2023 04:44pm

Opinion

We’ve no Narasimha Rao or Manmohan Singh

It was in 1991 that India was hit by a major economic crisis resulting from a huge balance of payments deficit. The...

Updated 21 Mar, 2023 07:08am

Editorials

Inauspicious anniversary

EDITORIAL: How ironic that the country is tumbling from one political-constitutional crisis to another in the year...

Updated 21 Mar, 2023 06:54am

Business & Finance

Pakistan receives $500m from China’s ICBC bank

KARACHI: Pakistan has received a loan tranche from China of $500 million that will help the country shore up its...

Published 18 Mar, 2023 06:14am

Pakistan

Tola for unity, political stability to steer country out of current economic crisis

KARACHI: State Minister and Chairman of Reforms and Resource Mobilization Commission (RRMC), Ashfaq Tola has said...

Published 15 Mar, 2023 06:01am

Business & Finance

FPCCI proposes more regional trade to ease economic crisis

KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has...

Published 15 Mar, 2023 06:01am

Pakistan

Lack of vision behind economic failure, says ex-minister

LAHORE Former Finance Minister Dr Salman Shah has said that there is huge potential in Pakistan because it is fifth...

Published 13 Mar, 2023 06:15am

Pakistan

To achieve his goal, Imran wants unrest to spread: minister

LAHORE: Federal Minister for Information and Broadcasting Marriyum Aurangzeb said on Sunday that Pakistan...

Published 13 Mar, 2023 06:15am

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

Business & Finance

To lessen pressures on rupee: PDP calls for trade in currencies other than dollar

KARACHI: Chairman of the Pasban Democratic Party (PDP) Altaf Shakoor has said that to tackle the ongoing economic...

Published 06 Mar, 2023 07:29am

Pakistan

Fazl says IK responsible for economic crisis

ISLAMABAD: Pakistan Democratic Movement (PDM) President Maulana Fazal-ur-Rehman came hard on former Prime Minister...

Published 06 Mar, 2023 07:09am

Opinion

Monetary-fiscal history of Latin America: lessons for Pakistan

Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...

Published 06 Mar, 2023 06:43am

BR Research

Beyond repair?

Heavy is the head that wears the crown – especially the one that is still trying to govern Pakistan amid myriad ...

Published 03 Mar, 2023 08:47am

Business & Finance

Economic crisis cannot be fixed thru IMF lending alone: BMP

LAHORE: As the annual inflation rate has hit the new high of 38.42% for the previous week the Federation of Pakistan...

Published 27 Feb, 2023 06:17am

Business & Finance

Dependence on IMF no solution to economic crisis: UBG

KARACHI: President of United Business Group (UBG) Zubair Tufail has said that in the current situation of the...

Published 27 Feb, 2023 06:17am

Pakistan

Imran accuses govt of destroying economy

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has accused Prime Minister Shehbaz Sharif of destroying...

Published 23 Feb, 2023 06:40am

Opinion

Markets bracing for ‘no landing’ world economy scenario curb risk appetite

Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays ...

Updated 23 Feb, 2023 06:21am

Pakistan

Maryam blames PTI govt for economic mess

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior vice president and chief organiser Maryam Nawaz, on Monday,...

Published 21 Feb, 2023 05:58am

Pakistan

Alvi says all stakeholders should mount joint efforts to ease economic crisis

HYDERABAD: President Dr Arif Alvi has said the implementation of the Constitution was the solution to all problems...

Published 19 Feb, 2023 03:19am

Pakistan

Ministry informs parliamentary panel: Launch of 5G cellular services not possible

ISLAMABAD: A parliamentary panel was informed on Tuesday by officials of the Ministry of Information Technology that...

Published 15 Feb, 2023 06:27am

Pakistan

Maryam says Imran should be held responsible for ongoing economic crisis

Says former premier was the cause of the country’s economic destruction and should be asked to negotiate with the IMF

Published 11 Feb, 2023 07:24pm

World

Liz Truss blames economic ‘orthodoxy’ for downfall

LONDON: Former British prime minister Liz Truss blamed on Sunday the economic “orthodoxy” in the country’s...

Published 06 Feb, 2023 06:36am

Business & Finance

Likely output dip in Feb, Mar: Indus Motor offering full refund with interest to customers

KARACHI: Amid the current economic crisis, Indus Motor Company (IMC) is offering a full refund with interest to its...

Updated 04 Feb, 2023 10:17am

Markets

Kati’s request: Rs7bn of incremental units owed by govt to be paid: Nepra

KARACHI: Chairman of National Electric Power Regulatory Authority (Nepra), Tauseef Farooqui has said that Rs7 ...

Updated 04 Feb, 2023 10:17am

‘IMF is giving Pakistan tough time’

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday the International Monetary Fund was giving his country a...

Updated 04 Feb, 2023 09:30am

Pakistan

General election not possible before Oct?

ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has said that the...

Updated 02 Feb, 2023 09:12am

Business & Finance

German economy likely to avoid recession in 2023

FRANKFURT: Germany is set to narrowly escape a recession this year, the government said Wednesday, as Europe’s...

Published 30 Jan, 2023 06:52am

Pakistan

Ahsan holds Imran responsible for petrol price hike

NAROWAL: Minister for Planning and Development Ahsan Iqbal has held former premier and Pakistan Tehreek-e-Insaf ...

Published 30 Jan, 2023 06:25am

Opinion

‘Can economy rise from the ashes?’

This is apropos a Business Recorder op-ed “Can economy rise from the ashes?” carried by the newspaper on Jan 15,...

Published 24 Jan, 2023 06:06am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.94
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 30	4050.83
Nasdaq / Mar 30	12013.47
Dow Jones / Mar 30	32859.03
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7628.03
Germany DAX 30 / Mar 31	15561.26
France CAC40 / Mar 31	7285.79

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Gold 10 Grams PKR / Mar 30	178241
Crude Oil USD/Barrel / Mar 31	74.31
Gold Spot USD/Ounce / Mar 31	1979.09
Cotton US¢/pound / Mar 31	83.42

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