Trends - economic crisis - Business Recorder

economic crisis

GSP review: EU identifies major challenges facing Pakistan

ISLAMABAD: The European Union (EU) has said that political turmoil, constitutional challenges, economic crisis, high...

Updated 23 Nov, 2023 08:46am

Opinion

Rising again

Confucius said, “Our greatest glory is not in never falling, but in rising every time we fall.” We find ...

Updated 01 Nov, 2023 06:32am

World

Bankrupt Sri Lanka gets China agreement on debt restructure

COLOMBO: Sri Lanka on Wednesday welcomed China’s tentative agreement to a debt restructure, as the island nation...

Published 12 Oct, 2023 05:57am

Business & Finance

‘Collective efforts needed to overcome economic crisis’

KARACHI: Central leader UBG Malik Khuda Bakhsh, an expert in gas and petroleum sector, has said that as a nation, we...

Published 29 Sep, 2023 06:24am

Business & Finance

Govt determined to fight off economic crisis: Shamshad

KARACHI: Caretaker Minister for Finance, Revenue and Economic Affairs Shamshad Akhtar said that the caretaker...

Updated 25 Sep, 2023 08:54am

Pakistan

Resolutions on Kashmir: PM urges UNSC to secure implementation

UNITED NATIONS: Caretaker Prime Minister Anwaar-ul-Haq Kakar Friday called on the UN Security Council (UNSC) to...

Published 23 Sep, 2023 05:58am

Pakistan

Maryam says Nawaz wants to ease suffering of inflation-hit people

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) chief organizer and Maryam Nawaz on Saturday said efforts to oust...

Published 17 Sep, 2023 06:05am

Opinion

Rating agencies and Pakistan’s response

There are three major international credit rating agencies providing investors information about bond and debt...

Published 11 Sep, 2023 06:54am

Business & Finance

KATI calls for united efforts to overcome economic crisis

KARACHI: Notable figures including S M Tanveer, Patron-in-Chief of Korangi Association of Trade and Industry (KATI)...

Published 30 Aug, 2023 03:33am

Business & Finance

Former BoI chief gives ‘road map’ to arrest economic slide

KARACHI: Former Chairman of Board of Investment (BoI) Muhammad Azfar Ahsan has given a roadmap to overcome the...

Published 29 Aug, 2023 06:01am

Business & Finance

Pakistan’s economic woes leave textile industry in tatters

LAHORE: Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the...

Published 07 Aug, 2023 06:34am

Business & Finance

Indus Motor announces another plant shutdown

Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has once again announced that it will shut...

Published 20 Jul, 2023 09:42pm

Editorials

The IMF speaks!

EDITORIAL: The International Monetary Fund (IMF) uploaded documents on its website relating to the agreement reached...

Published 20 Jul, 2023 03:12am

BR Research

Investor confidence at its weakest

News on the investment front has been gloomy amid the political and economic crisis; foreign direct investment in ...

Published 03 Jul, 2023 10:12am

Pakistan

Dar says Pakistan expects IMF deal in next 24 hours

Country is racing against time to unlock funds ahead of the scheduled end of the programme today

Updated 30 Jun, 2023 10:15am

World

Sri Lanka unveils debt restructure plan to tackle economic crisis

COLOMBO: Sri Lanka’s central bank on Thursday unveiled a far-reaching domestic debt restructuring plan aimed at...

Published 29 Jun, 2023 09:50am

Pakistan

Unregistered cigarette brands pose threat to public health, economy: NGO

LAHORE: Expressing serious concerns over the alarming prevalence of unregistered cigarette brands across the ...

Published 23 Jun, 2023 06:00am

Economic crisis: PM calls for ‘minimum common national agenda’

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday called for minimum common national agenda to steer the country...

Updated 20 Jun, 2023 09:00am

Business & Finance

18th Amendment has weakened federation financially, claims PBF

LAHORE: Pakistan Business Forum (PBF) says eighteenth amendment financially weakened the federation in the name of...

Published 12 Jun, 2023 06:26am

Opinion

What’s in store for this government?

A wave of unease and anguish pervades the country. The events of May 9 have only added to the state of uncertainty ...

Published 22 May, 2023 06:23am

BR Research

Shell Pakistan in 1QCY23

Shell Pakistan Limited (PSX: SHEL) announced its financial performance for the first quarter of 2023, which was...

Published 15 May, 2023 08:38am

Business & Finance

Zahid for import substitution, sell-off of loss-making SOEs to help resolve economic crisis

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 07 May, 2023 03:21am

Editorials

Death rattle of a global order?

EDITORIAL: The market has clearly rejected the rhetoric that problems at SVB (Silicon Valley Bank), Signature Bank...

Published 06 May, 2023 06:23am

Opinion

An immediate call for a second Bretton Woods

The world is facing an existential threat in the shape of climate change crisis, with one of the main outcomes in ...

Updated 21 Apr, 2023 07:03am

Business & Finance

Economic crisis to deepen by June, claims UBG chief

KARACHI: President United Business Group (UBG) Zubair Tufail said the economic crisis will become more serious by...

Published 16 Apr, 2023 03:36am

Pakistan

Rising external debt driving Pakistan's economic woes, says UN

The United Nations has said Pakistan is in the eye of a polycrisis as the country’s external debt almost doubled...

Updated 13 Apr, 2023 06:21pm

Opinion

Resilience, helplessness or loss of trust?–I

The Pakistanis are battling an inflation rate of over 35 percent, a policy rate of 21 percent, depletion in value of...

Updated 13 Apr, 2023 07:20am

Opinion

‘WB: A wake-up call’

This is apropos a Business Recorder op-ed “WB: A wake-up call” carried by the newspaper yesterday. The writer,...

Published 09 Apr, 2023 05:58am

Opinion

Partly Facetious: The crippling impasse

“Good decision, you reckon?” “If you are referring to the ongoing politico-legal impasse…” “Nope.”...

Published 05 Apr, 2023 06:16am

Opinion

Pension reforms

Throwing Molotov cocktails (petrol bombs) at the police and in return tear-gassed and water-cannoned with, as is the...

Published 03 Apr, 2023 06:36am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.87 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 6 Al-Abbas Sugar Mills Limited(AABS)	518.38 ▼ 0.00 (0.00%)
Agro Allianz / Dec 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 6 Allied Bank Limited(ABL)	84.74 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 6 Abbott Laboratories (Pakistan) Limited(ABOT)	480 ▼ 0.00 (0.00%)
Abson Ind. / Dec 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 6 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 6 Attock Cement Pakistan Limited(ACPL)	103.28 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.87 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 6 Al-Abbas Sugar Mills Limited(AABS)	518.38 ▲ 0.00 (0.00%)
Agro Allianz / Dec 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 6 Allied Bank Limited(ABL)	84.74 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 6 Abbott Laboratories (Pakistan) Limited(ABOT)	480 ▲ 0.00 (0.00%)
Abson Ind. / Dec 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 6 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 6 Attock Cement Pakistan Limited(ACPL)	103.28 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.00
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.00
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.00
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	31,493,000 ▲ 0.00
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▲ 0.00
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	26,934,622 ▲ 0.00
Fauji Cement / Dec 6 Fauji Cement Company Limited(FCCL)	23,813,500 ▲ 0.00
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	21,786,544 ▲ 0.00
National Bank / Dec 6 National Bank of Pakistan(NBP)	16,987,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 5	284.60
USD PKR Interbank Buying / Dec 5	284.20
USD to Japanese Yen / Dec 5	147.23
USD to Swiss Franc / Dec 5	0.87
Pound Sterling to USD / Dec 5	1.26
Euro to USD / Dec 5	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
India Sensex / Dec 5	69296.14
Tokyo Nikkei / Dec 5	33041.24
Nasdaq / Dec 5	14229.91
Hang Seng / Dec 5	16327.86
FTSE 100 / Dec 5	7489.84
Dow Jones / Dec 5	36124.56
Germany DAX 30 / Dec 5	16533.11
France CAC40 / Dec 5	7386.99

Item	Value
Crude Oil USD/Barrel / Dec 5	72.16
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Gold Spot USD/Ounce / Dec 5	2019.74
Cotton US¢/pound / Dec 5	79.68

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