Trends - economy - Business Recorder

economy

Moody’s downgrades outlook on China credit rating over debt fears

BEIJING: Ratings agency Moody’s on Tuesday downgraded the outlook on China’s credit rating to “negative” ...

Published 06 Dec, 2023 04:27am

Business & Finance

Euro zone corporate lending contracts as economy shrinks

FRANKFURT: Bank lending to businesses across the euro zone fell for the first time since 2015 last month, data from...

Published 04 Dec, 2023 05:35am

Editorials

ECP’s ‘major decision’

EDITORIAL: ECP (Election Commission of Pakistan) has done the right thing by seeking details of defaulters of...

Published 03 Dec, 2023 02:59am

Editorials

Business Confidence Index

EDITORIAL: Strangely, while the OICCI’s (Overseas Investors Chamber of Commerce and Industry’s) latest BCI...

Published 02 Dec, 2023 05:09am

Pakistan

Punjab launches FCPS programme in five more districts

LAHORE: Announcing the launch of FCPS training program in five districts, i.e., Attock, Mianwali, Jhang, Mandi...

Published 26 Nov, 2023 03:31am

Opinion

Economy not out of the woods yet

It is heartening to note that some of the recent developments are indeed reassuring as they make us less worried...

Published 22 Nov, 2023 05:48am

Opinion

The slowdown in real economy

Over the past month, it seems that the feel-good factor has returned. The stock market is in a bullish run and the...

Updated 13 Nov, 2023 12:16pm

Editorials

Does a bullish bourse reflect economy?

EDITORIAL: Karachi stock market index crossed the 54,000 level this Monday (7 November 2023), the highest ever level...

Published 10 Nov, 2023 03:07am

Business & Finance

China moves to boost economy with $137bn sovereign bond issuance

BEIJING: China said on Tuesday it would issue sovereign bonds worth 1 trillion yuan ($137 billion) in a move seen as...

Published 25 Oct, 2023 06:19am

Supplements

World Standards Day: Standards for SDGs: Our shared vision for a better world

TEXT: The Sustainable Development Goals (SDGs), which project to address social imbalances, develop a sustainable...

Published 14 Oct, 2023 05:32am

Business & Finance

IMF says world economy ‘limping’

MARRAKESH: The IMF kept its 2023 global growth forecast unchanged on Tuesday but warned that the economy is...

Published 11 Oct, 2023 03:10am

Business & Finance

‘Politically motivated economic choices put economy at stake’

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

Published 04 Oct, 2023 06:20am

Editorials

US on challenges facing Pakistan

EDITORIAL: There is no question about that this country needs to hold timely general elections to resolve the...

Published 20 Sep, 2023 06:28am

Opinion

The missing ingredients in Pakistan

Since the 18th Century, one country after another has experienced what Harvard economist Rostow called a “take off...

Updated 13 Sep, 2023 01:32pm

Editorials

Economy: caretakers indecisive or dilatory?

EDITORIAL: The federal caretaker cabinet meeting last Tuesday, reportedly (as no press release was issued or a press...

Published 31 Aug, 2023 06:00am

Pakistan

LCCI Progressive Group urges govt to promote industry-academia

LAHORE: The Progressive Group has called upon the caretaker federal government to promote industry-academia linkage,...

Published 30 Aug, 2023 03:33am

Business & Finance

Investors see long wait for enlarged BRICS’ economic boon

JOHANNESBURG/LONDON: The expansion of the BRICS group of developing countries could provide a lifeline to...

Published 28 Aug, 2023 06:27am

Caretaker govt unveils its approach to economy

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Saturday said that the interim government would focus ...

Updated 27 Aug, 2023 11:09am

BR Research

FDI – a weak link

In a country with high political, economic and financial volatility, little can be expected on the foreign...

Updated 23 Aug, 2023 10:42am

BR Research

MCB Bank Limited

MCB is one of the pioneers of the banking sector of Pakistan. The bank was incorporated in the private sector in...

Published 08 Aug, 2023 08:21am

BR Research

Why food inflation is here to stay?

No, and not just because Russia’s decision to exit the Black Sea grain export deal, or India’s decision to impose a...

Updated 07 Aug, 2023 09:22am

Markets

Costly energy termed big threat to economy

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

Published 22 Jul, 2023 06:06am

World

China’s economy grew 6.3% on-year in second quarter

BEIJING: China’s economy grew 6.3 percent year on year in the second quarter, a figure that belies the country’s...

Published 17 Jul, 2023 09:48am

Pakistan

Interest-based economy: JI brings scholars, academia and others on board

KARACHI: Jamaat-e-Islami (JI) Karachi took onboard religious scholars, experts, academia and other stakeholders,...

Published 17 Jul, 2023 03:47am

Supplements

TAQ’s role in logistics continues to bolster up the economy

TEXT: At a time when it’s most needed ‘The TAQ Organization’, a pioneer in the supply chain logistics sector,...

Published 14 Jul, 2023 06:23am

Pakistan

Stabilising economy top priority: Governor

LAHORE: Punjab Governor Muhammad Balighur Rehman has said that top priority of the government is to stabilize the...

Published 09 Jul, 2023 02:55am

Editorials

Zardari’s CoE

EDITORIAL: That Pakistan needs a so-called Charter of Economy (CoE) is not a new idea. It was most vociferously...

Published 17 Jun, 2023 06:13am

Business & Finance

India’s merchandise import jump in May signals stable local economy

MUMBAI: A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month...

Updated 16 Jun, 2023 01:20pm

Opinion

The 3.5pc growth target: a pipe dream?

President Federation of Pakistan Chambers and Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has said that...

Published 14 Jun, 2023 06:21am

Opinion

The economy in FY2023-24

The economic prospects for Pakistan in 2023-24 have been presented in the Annual Plan prepared by the Planning...

Published 13 Jun, 2023 06:00am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	5.99 ▲ 0.99 (19.80%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.80 ▲ 0.61 (14.56%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.24 ▲ 0.14 (12.73%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.24 ▲ 0.44 (11.58%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.85 ▲ 0.29 (11.33%)
Samba Bank / Dec 11 Samba Bank Limited(SBL)	9.93 ▲ 1.00 (11.20%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	12 ▲ 1.01 (9.19%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.23 ▼ -0.57 (-8.38%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	46.64 ▼ -3.78 (-7.50%)
Reliance Cotton / Dec 11 Reliance Cotton Spinning Mills Limited(RCML)	629 ▼ -51.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.05
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	65,177,500 ▲ 0.61
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	63,595,500 ▲ 0.45
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	57,594,500 ▲ 0.57
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	54,822,000 ▲ 0.57
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.10
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	41,814,767 ▼ -1.64
Telecard Limited / Dec 11 Telecard Limited(TELE)	37,055,844 ▲ 0.37

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

Calculate your monthly liability in FY24

economy

Most Popular Articles