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economic recovery

Crude, equities advance on signs of recovery

London stocks, resuming trade after a long holiday weekend in the UK, were also higher, with shares in heavyweight oil and mining groups in demand on rising commodity prices.

Published 01 Jun, 2021 09:24pm

World

Italy's first quarter growth revised upwards

The GDP was up by 0.1 percent compared with the previous quarter, national statistics office Istat said in a statement.

Published 01 Jun, 2021 04:54pm

Markets

ECB's Visco says ECB will counter any unjustified rise in interest rates

The change would be "clearer and would reinforce the anchoring of medium and long-term inflation expectations," he said.

Published 31 May, 2021 01:53pm

BR Research

Current account surplus: What lies ahead

As expected, the current account deficit remained mild at $200 million in April 2021. The 10MFY21 surplus is ...

Updated 26 May, 2021 11:19am

Business & Finance

GDP growth expected to rise 3.94pc as post-Covid recovery strengthens: SBP

“This rebound was fueled by a well-calibrated policy response,” said SBP.
SBP said that it provided a targeted economic stimulus of Rs2 trillion to support the recovery through interest rate cut, principal deferment & loan restructuring, Rozgar payroll finance scheme to prevent layoffs, and concessional finance for investment in industry and health facilities.

Published 24 May, 2021 01:59pm

Business & Finance

Dubai house prices to rise for first time in six years in 2021

BENGALURU: Dubai house prices will rise for the first time in six years this year, supported by a swift vaccine...

Updated 23 May, 2021 10:36am

Markets

Japan's consumer prices extend falls

TOKYO: Japan's core consumer prices fell for the ninth straight month in April as a record slump in cellphone fees...

Published 22 May, 2021 04:05am

Markets

Asian equities see foreign inflows for first time this year

SINGAPORE: Overseas investors turned net buyers of Asian equities in April for the first time this year, helped by...

Published 17 May, 2021 06:14am

Markets

Oil prices on track for eight-week high on demand hopes

NEW YORK: Oil prices rose more than 1% on Wednesday, putting the contracts on track for their highest close in ...

Published 13 May, 2021 03:10am

Business & Finance

ArcelorMittal posts ‘strongest quarter in a decade’

PARIS: Steel giant ArcelorMittal said Thursday it recorded its best quarterly performance in a decade as commodity...

Updated 07 May, 2021 10:01am

World

Japan backs ADB with $15mn for universal health coverage in Asia

Addressing the Asian Development Bank's (ADB) annual meeting, Aso underscored the need to support health systems to cope with infectious diseases such as COVID-19 as well as other illness.
Promoting universal health coverage will help reinforce health systems to prevent future pandemics, ensuring inclusive and sustainable economic growth in the region with ageing populations, Aso said.

Published 05 May, 2021 06:48pm

NGOs call on ADB to end fossil fuel loans amid climate reboot

TOKYO: A group of non-governmental organisations called on the Asian Development Bank (ADB) on Monday to end loans ...

Published 03 May, 2021 04:39am

Fiscal consolidation or economic stimulus? Country faced with difficult choice: Tarin

ISLAMABAD: Minister for Finance and Revenue, Shaukat Tarin said, on Wednesday, that Pakistan has resumed the...

Published 29 Apr, 2021 03:52am

World

China’s industrial profits nearly doubled

BEIJING: Profits at China’s industrial firms nearly doubled in March from a year ago, as demand for raw materials...

Updated 28 Apr, 2021 10:07am

Business & Finance

Czech central banker Benda sees fewer 2021 rate hikes than projected

"The pandemic shock was rather severe, and I don't believe people will immediately take all their savings and go shopping like crazy," he was quoted as saying by Bloomberg news agency.
"The market is reading us very well in the longer term," Benda said. "It's pointless to agonize now over whether the first hike will be in four, five or seven months, as we're living in huge uncertainty."

Published 26 Apr, 2021 05:52pm

World

European Commission head Von der Leyen welcomes Portugal's economic recovery plan

"Economic recovery must go hand in hand with an improved health situation on the ground. I welcome Portugal's recovery and resilience plan as the first one officially submitted to the Commission," she said in a statement.

Published 22 Apr, 2021 01:26pm

Markets

Tokyo stocks open lower on virus worries

Other automakers were also lower, with Toyota trading down 1.38 percent at 8,302 yen, Honda off 1.71 percent at 3,218 yen and Nissan down 2.55 percent at 543 yen.

Published 21 Apr, 2021 10:57am

Markets

FTSE 100 ends higher as miners track gains in commodity prices

The blue-chip index ended up 0.8pc, with Anglo American one of the biggest boosts to the index, gaining 3.2pc on plans to spin off its thermal coal assets in South Africa.

Updated 09 Apr, 2021 12:08am

Markets

Indonesia central bank gov commits to loose policy, says FX reserves enough for stability

The economy was on track to grow by 4.3% to 5.3% this year and 5.2% next year, after GDP contracted 2.07% last year, he said.

Published 31 Mar, 2021 01:20pm

Markets

European stocks hover near record high

ROTTERDAM/LONDON: European shares ended close to record highs on Tuesday on hopes of a vaccine-driven economic...

Published 31 Mar, 2021 05:42am

Markets

Sterling falls versus stronger dollar, stabilises versus euro

The UK's 2-year gilt yield also rose in early trade on Tuesday, up as much as 3 basis points at the 8-day high of 0.112pc.

Published 31 Mar, 2021 01:00am

Markets

Hong Kong stocks head into break with big gains

The Hang Seng Index climbed 1.18 percent, or 334.46 points, to 28,672.76.

Published 30 Mar, 2021 09:27am

Business & Finance

Euro zone banks have enough capital to withstand pandemic hit: IMF

The IMF said that based on its January 2021 projections, banks in the 19 countries sharing the euro would stay broadly resilient to the deep recession in 2020 and the partial recovery this year.
The aggregate capital ratio is projected to decline from 14.7 percent to 13.1 percent by the end of 2021 if policy support is maintained. Indeed no bank will breach the prudential minimum capital requirement of 4.5 percent, even without policy support.

Published 26 Mar, 2021 05:35pm

Markets

Gold prices steady in Asia

SINGAPORE: Gold prices held steady in Asian trade on Thursday as a stronger US dollar countered concerns that ...

Published 26 Mar, 2021 05:22am

Markets

Asian markets mostly rise but inflation, virus fears cast shadow

The Hang Seng Index remains in correction territory having fallen 10 percent from its recent high seen in February.

Published 25 Mar, 2021 05:25pm

Markets

Gold rises on Europe virus worries, stronger dollar caps gains

US Treasury yields dipped, with the market appearing to stabilise after benchmark yields reached one-year highs last week.

Published 25 Mar, 2021 11:55am

Markets

British shares slightly down

LONDON: British shares fell on Tuesday, dragged down by energy and mining stocks, as fresh lockdowns and slow ...

Published 24 Mar, 2021 05:10am

Markets

Hong Kong stocks end morning down

The Hang Seng Index dipped 0.18 percent, or 51.41 points, to 28,939.53.

Published 22 Mar, 2021 10:46am

SBP keeps policy rate unchanged at 7pc

KARACHI: While, noting the uncertainty around the inflation and growth outlook, the Monetary Policy Committee (MPC)...

Updated 20 Mar, 2021 02:29pm

Business & Finance

BoE split over outlook

LONDON: The Bank of England said Britain's economic recovery was gathering pace thanks to the speed of COVID-19...

Published 19 Mar, 2021 05:32am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.50
USD PKR Interbank Buying / Apr 24	278.25
USD to Japanese Yen / Apr 24	154.89
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.24
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 23	5070.55
Nasdaq / Apr 23	15696.64
Dow Jones / Apr 23	38503.69
India Sensex / Apr 24	73884
Tokyo Nikkei / Apr 24	38460.08
Hang Seng / Apr 24	17176.31
FTSE 100 / Apr 24	8079.79
Germany DAX 30 / Apr 24	18202.76

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 24	293.94
Crude Oil USD/Barrel / Apr 24	83.46
Gold Spot USD/Ounce / Apr 24	2319
Diesel/Litre / Apr 24	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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