Trends - Economic growth - Business Recorder

Economic growth

WB expects 1.3pc growth by June-end

ISLAMABAD: Pakistan’s GDP growth is expected to reach 1.3 percent in the fiscal year ending June 2021, slightly...

Published 31 Mar, 2021 05:42am

Business & Finance

Public misconceptions about SBP bill

In the following paragraphs I will be dilating on the subject of the role of various stakeholders with respect to...

Published 29 Mar, 2021 06:05am

Business & Finance

Dollar likely to rise, but rally will lose steam later in 2021

MUMBAI/BENGALURU: Economic growth and higher bond yields will keep the US dollar stronger for now, but the rally ...

Published 29 Mar, 2021 06:05am

3rd Covid-19 wave poses downside risks to growth

ISLAMABAD: The fiscal deficit for the first seven months (July-January 2020-21) of the current fiscal year stood at...

Published 27 Mar, 2021 05:41am

Business & Finance

More borrowing may destabilise economy: ADBI

ISLAMABAD: Pakistan’s growing external debt has reached a level where further borrowing may destabilise the...

Published 25 Mar, 2021 05:08am

Business & Finance

Economic growth forecast raised amid robust industrial growth, says Hammad

While still modest, at around 3 percent, growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid, stated MPC.

Published 20 Mar, 2021 01:11pm

Business & Finance

US weekly jobless claims increase; mid-Atlantic factory activity near 50-year high

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

Published 19 Mar, 2021 05:32am

Pakistan

Govt committed to take all measures for economic growth, investment promotion: PM

The government in that respect was committed to prove all possible facilitation to the business community and investors, he added.

Published 18 Mar, 2021 05:55pm

Pakistan

PM for regional connectivity to root out poverty

The Prime Minister said resolution of Kashmir dispute will greatly contribute to poverty alleviation and economic growth in the region.

Updated 17 Mar, 2021 06:44pm

Business & Finance

S&P affirms US debt rating at AA+

However, the agency cautioned that "ratings are constrained by high general government debt and fiscal deficits, both of which worsened in 2020 following the economic shock caused by the pandemic."

Published 17 Mar, 2021 10:44am

Pakistan

Robust industrial growth to lift economy beyond earlier forecasts: Hammad

Hammad said that the Large Scale Manufacturing has posted a growth of 9.1% in January 2021 as compared to the corresponding period of last year.

Published 16 Mar, 2021 07:54pm

Business & Finance

South Africa's Eskom aims for 'acceptable' power performance by late 2021

Eskom struggles to power Africa's most industrialised nation because of repeated faults at its ailing coal-fired power station fleet, constraining economic growth.
"Eskom is committed to recovering its operational performance and will not compromise on ... maintenance and mid-life refurbishment," it said.

Updated 15 Mar, 2021 09:27pm

Opinion

Pakistani ports

Pakistan’s ports handled a total trade volume of approximately 110.69 million tons during 2019. In 2020, with...

Published 11 Mar, 2021 05:25am

Business

KPRA collects Rs13.97bn in eight months

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) collected Rs 13.97 billion from July 2020 to February 2021...

Published 11 Mar, 2021 05:25am

Simplified taxation, economic growth: FPCCI submits proposals to PM

ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has submitted proposals to the Prime...

Updated 08 Mar, 2021 09:22am

Business & Finance

FPCCI urges govt to put industry on priority

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry has asked the government to put industry on...

Published 07 Mar, 2021 04:07am

Markets

European stocks rally

MILAN/LONDON: European stocks rose for a third straight session on Wednesday on hopes of a rebound in economic ...

Published 04 Mar, 2021 04:58am

Markets

China stocks gain the most in 3 weeks

SHANGHAI: China stocks posted their biggest one-day gain in three weeks on Wednesday, led by banking and commodity...

Published 04 Mar, 2021 04:58am

World

Brazil govt keeps 2021 GDP forecast of +3.2pc, but notes high uncertainty

In a press release following figures that showed the economy shrank 4.1% last year, the ministry said supportive monetary policy, widespread vaccinations, fiscal consolidation and structural reforms will boost confidence as the year progresses.

Published 03 Mar, 2021 07:51pm

Markets

Wall street week ahead: Rising US bond yields pose new threat to sky-high stocks

NEW YORK: The US stock market has so far digested a surge in Treasury yields, but some investors are worried that a...

Published 22 Feb, 2021 04:25am

Markets

Japan rubber futures down

TOKYO: Japanese rubber futures edged lower on Tuesday giving up earlier gains that carried over from the better than...

Published 17 Feb, 2021 04:24am

Markets

Gold’s rally to slow, not stop, as global economy recovers

BENGALURU: Analysts and traders have downgraded their forecasts for gold but still expect prices to recover from...

Updated 12 Feb, 2021 11:47pm

World

US consumer prices rise modestly; airline fares tumble

Consumer prices increase 0.3% in January.
CPI rises 1.4% on year-on-year basis.
Core CPI unchanged; up 1.4% year-on-year.

Published 10 Feb, 2021 09:31pm

Markets

FTSE 100 flat

LONDON: London’s export-heavy FTSE 100 index traded flat on Tuesday as gains in mining and energy stocks countered...

Published 10 Feb, 2021 04:12am

Markets

Cotton spot rate rises by Rs100 to Rs10900

KARACHI: The Spot Rate Committee of the Karachi Cotton Association on Tuesday has increased the spot rate by Rs 100...

Published 10 Feb, 2021 04:12am

BR Research

Debt servicing burdens

The consolidated fiscal deficit stood at Rs1.1 trillion (2.5% of GDP) in the 1HFY21 – up by 14 percent from Rs995...

Published 08 Feb, 2021 07:25am

Business & Finance

Bank of Italy says country needs cohesion to grow and cut debt

MILAN: Italy’s central bank called on Saturday for cohesion as the country battles a government crisis, saying it...

Published 07 Feb, 2021 04:07am

Opinion

‘Mission Economy’

‘The bungled response of the government to the pandemic – from the failure to enforce lockdown early enough to...

Updated 05 Feb, 2021 11:48pm

Opinion

Economic growth has ‘devastating cost to nature’, review finds

Humanity’s unbridled growth in recent decades has come at a “devastating cost to nature” according a...

Published 03 Feb, 2021 04:35am

Business & Finance

Power sector: ‘Economic growth can be accelerated by overcoming inefficiencies’

LAHORE: Pakistan can accelerate its economic growth and job creation by overcoming inefficiencies in its power...

Published 01 Feb, 2021 03:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.60
USD PKR Interbank Buying / Apr 29	278.40
USD to Japanese Yen / Apr 29	156.26
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.26
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
India Sensex / Apr 29	74671.28
Tokyo Nikkei / Apr 29	37934.76
Nasdaq / Apr 29	15983.08
Hang Seng / Apr 29	17746.91
FTSE 100 / Apr 29	8147.03
Dow Jones / Apr 29	38386.09
Germany DAX 30 / Apr 29	18118.32

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	82.60
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2334.17
Cotton US¢/pound / Apr 29	81.52
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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