Trends - economic outlook - Business Recorder

economic outlook

Developing Asia on track to grow faster in 2023: ADB

MANILA: Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment...

Published 24 Jul, 2023 06:11am

Business & Finance

PM briefs IMF chief, hopes for release of stalled funds

PARIS: Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina...

Published 23 Jun, 2023 06:00am

NEC apprised about the key challenges facing economy

ISLAMABAD: The National Economic Council (NEC) was informed that political instability, escalating security...

Updated 08 Jun, 2023 09:32am

Business & Finance

Exchange rate, POL prices: Inflation may stay at elevated level: MoF

ISLAMABAD: Inflation is expected to stay at an elevated level due to exchange rate depreciation and recent upward...

Published 01 Apr, 2023 06:21am

World

OECD raises global growth forecast but recovery ‘fragile’

PARIS: The OECD raised its global economic growth forecast on Friday as inflation eases and China emerges from Covid...

Published 17 Mar, 2023 06:55pm

Business & Finance

Dar discusses economic outlook with US official

ISLAMABAD: Federal Minister for Finance and Revenue Senator Ishaq Dar held a virtual meeting with Wally Adeyemo, US...

Published 01 Mar, 2023 06:21am

Business & Finance

ADB team briefed about economic outlook

ISLAMABAD: A delegation of executive directors of the Asian Development Bank (ADB) called on Federal Minister for...

Updated 28 Feb, 2023 09:37am

Business & Finance

Eurozone dodges recession but gloomy outlook persists

BRUSSELS: The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth...

Published 06 Feb, 2023 06:53am

Business & Finance

Loan demand falls as higher interest rates bite: ECB

FRANKFURT: Demand for loans is falling in the eurozone as households and businesses grapple with higher borrowing...

Published 01 Feb, 2023 07:06am

World

IMF warns that UK faces ‘sobering’ economic outlook

LONDON: The International Monetary Fund says Britain faces a “sobering” economic outlook for 2023, according to a...

Published 12 Jan, 2023 09:08pm

Business & Finance

Floods deteriorate FY23 economic outlook: ADB

ISLAMABAD: Pakistan’s economic outlook for the fiscal year 2023 (ending June 30, 2023) has deteriorated following...

Updated 15 Dec, 2022 09:55am

Business & Finance

JPMorgan Chase reports lower profits

NEW YORK: JPMorgan Chase reported a drop in third-quarter profits Friday as it set aside funds for potential loan...

Published 17 Oct, 2022 06:37am

Business & Finance

US banks report solid results but warn of rising recession risk

NEW YORK: Large US banks reported a round of solid quarterly profits Friday, but cautioned of rising recession risks...

Published 17 Oct, 2022 06:35am

Pakistan

Economic outlook uncertain, likely to remain below target, warns Pakistan's finance ministry

Macroeconomic imbalances may ease with the expected slowdown in economic growth, says Monthly Economic Update & Outlook for September

Updated 30 Sep, 2022 05:38pm

Oil demand rises as gas prices surge: IEA

Prices of natural gas and electricity have jumped to new records

Updated 12 Aug, 2022 10:18am

Business & Finance

UK banks resilient to ‘deteriorated outlook’: BoE

LONDON: UK banks can survive the “deteriorated economic outlook” with the sector more resilient than during 2008...

Published 06 Jul, 2022 07:11am

Oil slumps nearly 3pc

NEW YORK: Oil prices tumbled about 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could...

Published 23 Jun, 2022 06:05am

Europe may shift back to coal

FRANKFURT/MILAN: Europe’s biggest Russian gas buyers were racing to find alternative fuel supplies on Monday and...

Updated 21 Jun, 2022 09:52am

OECD slashes growth outlook

PARIS: The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout...

Published 09 Jun, 2022 06:18am

World

Economic outlook has ‘darkened’, business and government leaders warn in Davos

DAVOS: Multiple threats to the global economy topped the worries of the world’s well-heeled at the annual Davos...

Published 23 May, 2022 09:27pm

Markets

China shares fall

SHANGHAI: Chinese shares fell on Tuesday as energy, financials and real estate stocks weighed amid growing concerns...

Published 03 Nov, 2021 03:54am

Business & Finance

JPMorgan edges closer to leaving pandemic behind, its earnings show

NEW YORK: JPMorgan Chase & Co beat analysts' profit estimates on Wednesday, thanks to record revenue in some...

Published 18 Oct, 2021 04:42am

Markets

Asia naphtha, gasoline margins improve on brighter outlook

SINGAPORE: Asia’s gasoline and naphtha margins improved on Friday on the back of a brighter economic outlook in ...

Published 10 Jul, 2021 03:42am

Markets

Sterling strengthens further, passing $1.41

The pound was up 0.8% on the day at $1.40970, having crossed the key $1.40 level for the first time since February during the Asian session, and risen above $1.41 during the European morning session.

Published 10 May, 2021 04:59pm

World

ECB keeps cheap money tap open

FRANKFURT: Christine Lagarde on Thursday underlined the European Central Bank’s commitment to cheap money as the...

Updated 23 Apr, 2021 10:04am

Business & Finance

Congo central bank cuts interest rate to 10.5pc

It had hiked the interest rate from 7.5% to 18.5% last August to re-anchor inflation expectations.
Growth is forecast at 4.4% in 2022, the IMF said. Congo is Africa's top producer of copper and recorded record output of the metal last year.

Published 16 Apr, 2021 07:41pm

Markets

Markets rise on recovery hope, dollar hits one-year yen high

Tokyo, Hong Kong, Shanghai, Seoul, Singapore, Taipei, Mumbai and Wellington all rose, though Sydney, Manila and Jakarta fell.

Published 30 Mar, 2021 05:33pm

Business & Finance

Early trade in New York: Dollar jumps on jobs improvement

NEW YORK: The dollar jumped on Friday after data showed jobs growth beat expectations in February, backing up the...

Published 06 Mar, 2021 05:01am

Markets

Hong Kong stocks rally in morning session

The Hang Seng Index climbed 0.75 percent, or 203.48 points, to 27,434.61.

Published 04 Jan, 2021 11:28am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 1 786 Investments Limited(786)	5.45 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 1 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▼ 0.00 (0.00%)
Agro Allianz / Oct 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 1 Allied Bank Limited(ABL)	70.01 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 1 Abbott Laboratories (Pakistan) Limited(ABOT)	345.50 ▼ 0.00 (0.00%)
Abson Ind. / Oct 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 1 Alfalah Consumer Index ETF.(ACIETF)	7.40 ▼ 0.00 (0.00%)
Attock Cement / Oct 1 Attock Cement Pakistan Limited(ACPL)	86.49 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 1 786 Investments Limited(786)	5.45 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 1 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▲ 0.00 (0.00%)
Agro Allianz / Oct 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 1 Allied Bank Limited(ABL)	70.01 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 1 Abbott Laboratories (Pakistan) Limited(ABOT)	345.50 ▲ 0.00 (0.00%)
Abson Ind. / Oct 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 1 Alfalah Consumer Index ETF.(ACIETF)	7.40 ▲ 0.00 (0.00%)
Attock Cement / Oct 1 Attock Cement Pakistan Limited(ACPL)	86.49 ▲ 0.00 (0.00%)

Stock	Volume
Oil & Gas Dev. / Oct 1 Oil & Gas Development Company Limited(OGDC)	10,868,813 ▲ 0.00
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	9,629,472 ▲ 0.00
Agritech Limited / Oct 1 Agritech Limited(AGL)	9,567,000 ▲ 0.00
Fauji Foods Ltd / Oct 1 Fauji Foods Limited(FFL)	6,502,449 ▲ 0.00
P.I.A.C.(A) / Oct 1 Pakistan International Airlines Corp(PIAA)	6,306,500 ▲ 0.00
Pak Petroleum / Oct 1 Pakistan Petroleum Limited(PPL)	5,897,086 ▲ 0.00
TPL Properties / Oct 1 TPL Properties Limited(TPLP)	5,187,915 ▲ 0.00
Image Pakistan / Oct 1 Image Pakistan Limited(IMAGE)	4,549,000 ▲ 0.00
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	4,331,521 ▲ 0.00
Citi Pharma Ltd / Oct 1 Citi Pharma Ltd.(CPHL)	4,238,438 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 28	287.90
USD PKR Interbank Buying / Sep 28	287.70
USD to Japanese Yen / Sep 29	149.32
USD to Swiss Franc / Sep 29	0.91
Pound Sterling to USD / Sep 29	1.22
Euro to USD / Sep 29	1.06
UK LIBOR % / Sep 28	5.43

Stock	Volume
S&P 500 / Sep 28	4299.70
Nasdaq / Sep 28	13201.28
Dow Jones / Sep 28	33666.34
India Sensex / Sep 29	65686.70
Tokyo Nikkei / Sep 29	31764.51
Hang Seng / Sep 29	17832.11
FTSE 100 / Sep 29	7644.96
Germany DAX 30 / Sep 29	15403.20
France CAC40 / Sep 29	7167.41

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 28	17935
Gold 10 Grams PKR / Sep 28	176357.60
Crude Oil USD/Barrel / Sep 29	91.68
Gold Spot USD/Ounce / Sep 29	1864.84
Cotton US¢/pound / Sep 29	88.99

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