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energy prices

IMF says UK economy to grow this year in big U-turn

LONDON: The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth...

Published 24 May, 2023 05:57am

Opinion

9th review struggle with IMF

Since November of last year, Pakistan is still waiting for the release of the next tranche of $1.1 billion from the...

Published 21 May, 2023 04:00am

Economy is not out of the woods yet: MoF

Govt has a daunting task to follow effective revenue mobilisation and cautious expenditure management strategy to end the current fiscal year

Updated 30 Apr, 2023 09:18am

ADB lists factors that have aggravated BoP position

ISLAMABAD: The Asian Development Bank (ADB) on Thursday stated that the steep increase in energy price and food...

Updated 28 Apr, 2023 08:50am

0.4pc growth rate foreseen: World Bank warns of a ‘macro-economic crisis’

ISLAMABAD: The World Bank (WB) has warned that a macroeconomic crisis could materialize in Pakistan, given the...

Updated 05 Apr, 2023 08:49am

Editorials

SBP’s dilemma: battered economy, high inflation

EDITORIAL: The SBP (State Bank of Pakistan) is scheduled to announce its monetary policy on 4th April. According to...

Updated 03 Apr, 2023 12:45pm

World

EU proposes power market revamp to blunt price spikes

BRUSSELS: The European Commission proposed a revamp of Europe’s electricity market rules on Tuesday, to try to...

Published 20 Mar, 2023 06:12am

World

Italy may have staved off recession, economy minister says

ROME: Italy seems to have avoided an economic recession despite being hit by costly energy prices and record high...

Published 06 Mar, 2023 11:14pm

Business & Finance

UAE’s GDP grew 7.6pc in 2022, official says

ABU DHABI: The United Arab Emirates’ economy expanded 7.6% last year, a senior official said on Thursday, about...

Published 06 Mar, 2023 07:40am

MoF says inflation likely to remain high in coming months

ISLAMABAD: Inflation is expected to remain high in the coming months around 28 to 30 percent consequent to uncertain...

Updated 01 Mar, 2023 09:06am

Opinion

Progressive fiscal policy

The Managing Director, Kristalina Georgieva, of the IMF (International Monetary Fund) has said recently in the...

Published 28 Feb, 2023 06:15am

Markets

Use of energy witnesses increase of 9pc in 2022: Speakers

ISLAMABAD: Speakers at a seminar have observed that the use of energy in Pakistan has witnessed an increase of nine...

Published 25 Feb, 2023 06:23am

Business & Finance

KP-TMA assails sharp hike in energy prices

PESHAWAR: Khyber Pakhtunkhwa Textile Mills Association (KP-TMA) has expressed concern over manifold increase in...

Published 20 Feb, 2023 06:26am

Opinion

Price falls, red tape curb demand from businesses for German energy subsidy

Take-up by German companies of a government scheme to help with energy costs this winter is likely to be lower than...

Published 11 Feb, 2023 05:57am

Opinion

Letter to a Comrade

Dear Muzammil, I hope you are well. It has been a while since we last saw, met or spoke. Judging from your article ...

Updated 07 Feb, 2023 02:20pm

Opinion

Lethargic economic management

About 84% of countries are expected to have lower headline (consumer price index) inflation in 2023 than in 2022....

Published 03 Feb, 2023 06:17am

Business & Finance

Record Shell profit on soaring energy prices sparks outrage

LONDON: British energy giant Shell on Thursday unveiled record annual net profit of $42.3 billion thanks to surging...

Published 03 Feb, 2023 06:17am

Opinion

Economy: it has only gotten worse

Like ‘Shehbaz speed’, finance minister Ishaq Dar’s bubble has been burst as well. The ‘Dar magic’ was as...

Updated 30 Jan, 2023 07:00am

BR Research

Telecom FDI: painting red

The disappointing run in the telecommunications industry’s foreign direct investment (FDI) continues. Latest data...

Published 24 Jan, 2023 09:54am

Opinion

Outlook 2023

After a very disappointing and disorderly year end, the global market is probably heading for another difficult...

Published 03 Jan, 2023 03:25am

World

Germany’s finance minister sees 2023 inflation at 7pc

BERLIN: Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to...

Published 02 Jan, 2023 06:35am

Opinion

2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy

Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has...

Updated 30 Dec, 2022 06:28am

Business & Finance

Exxon sues EU in move to block new windfall tax on oil companies

NEW YORK: US oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc’s new...

Updated 30 Dec, 2022 08:42am

Editorials

Tougher times likely ahead for markets

EDITORIAL: Yesterday, S&P Global cut Pakistan’s long-term sovereign rating by one notch to “CCC+” from “B”. The...

Published 23 Dec, 2022 05:54am

Business & Finance

UK inflation slows, remains close to 11 percent

LONDON: British inflation slowed more than expected in November but remained near the highest level in more than 40...

Published 15 Dec, 2022 07:40am

Business & Finance

November CPI likely to decline marginally

ISLAMABAD: Pakistan’s November CPI is expected to decline marginally and may remain in the range of 23 percent to...

Updated 30 Nov, 2022 12:50pm

Markets

Palm hits 18-day closing high

KUALA LUMPUR: Malaysian palm oil futures climbed for a second straight session on Tuesday, hitting their highest...

Published 30 Nov, 2022 05:53am

Editorials

Deep anxiety pervades Pakistan

EDITORIAL: Businesses are not happy. Growing economic and political uncertainty is causing an adverse impact on...

Published 07 Nov, 2022 05:48am

Opinion

Energy market turmoil shakes Europe’s green power plan

Europe’s plan to roughly double renewable power generation by the end of the decade to cut its emissions and...

Updated 04 Nov, 2022 06:35am

Opinion

Behind facade of unity, Franco-German relations falter as crises mount

When Germany unveiled a 200 billion euro ($200 billion) package to shield its industry and consumers from soaring...

Published 27 Oct, 2022 05:54am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / May 30 Trust Modaraba(TRSM)	1.60 ▲ 0.25 (18.52%)
WorldCall Telecom / May 30 Worldcall Telecom Limited(WTL)	1.28 ▲ 0.18 (16.36%)
Asim Textile / May 30 Asim Textile Mills Limited(ASTM)	6.09 ▲ 0.84 (16.00%)
Pak Gulf Leasing / May 30 Pak-Gulf Leasing Company Limited(PGLC)	7.85 ▲ 0.87 (12.46%)
Saif Textile / May 30 Saif Textile Mills Limited(SAIF)	9.45 ▲ 1.00 (11.83%)
HBL Growth Fund / May 30 HBL Growth Fund(HGFA)	3.64 ▲ 0.34 (10.30%)
Reliance Ins. / May 30 Reliance Insurance Company Limited(RICL)	9 ▲ 0.81 (9.89%)
Punjab Mod / May 30 First Punjab Modaraba(FPJM)	1.35 ▲ 0.12 (9.76%)
Gammon Pak / May 30 Gammon Pakistan Limited(GAMON)	4.98 ▲ 0.42 (9.21%)
Imperial Limited / May 30 Imperial Limited(IML)	11.74 ▲ 0.99 (9.21%)

Stock	Price
Sindh Modaraba / May 30 Sindh Modaraba(SINDM)	7.30 ▼ -1.00 (-12.05%)
Samba Bank / May 30 Samba Bank Limited(SBL)	6.10 ▼ -0.83 (-11.98%)
Pak Agro Pack. (GEM) / May 30 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7 ▼ -0.95 (-11.95%)
Bilal Fibres / May 30 Bilal Fibres Limited(BILF)	2.13 ▼ -0.27 (-11.25%)
Ruby Textile / May 30 Ruby Textile Mills Limited(RUBY)	3.10 ▼ -0.30 (-8.82%)
Arctic Textile / May 30 Arctic Textile Mills Limited(ARCTM)	10.64 ▼ -1.00 (-8.59%)
Sitara Energy / May 30 Sitara Energy Limited(SEL)	6.07 ▼ -0.52 (-7.89%)
Askari Life Assur. / May 30 Askari Life Assurance Company Limited(ALAC)	4.96 ▼ -0.42 (-7.81%)
Prosperity Weav / May 30 Prosperity Weaving Mills Limited(PRWM)	34.68 ▼ -2.81 (-7.50%)
John&Philips / May 30 Johnson & Phillips (Pakistan) Limited(JOPP)	35.06 ▼ -2.84 (-7.49%)

Stock	Volume
WorldCall Telecom / May 30 Worldcall Telecom Limited(WTL)	193,869,332 ▲ 0.18
Maple Leaf Cement / May 30 Maple Leaf Cement Factory Limited(MLCF)	10,934,443 ▼ -0.33
K-Electric Ltd. / May 30 K-Electric Limited(KEL)	8,927,348 ▲ 0.04
National Bank / May 30 National Bank of Pakistan(NBP)	6,677,000 ▼ -0.51
D.G.K.Cement / May 30 D.G. Khan Cement Company Limited(DGKC)	6,416,911 ▲ 2.06
TPL Properties / May 30 TPL Properties Limited(TPLP)	6,146,502 ▼ -0.22
TRG Pak Ltd / May 30 TRG Pakistan Limited(TRG)	5,905,462 ▲ 4.41
Cnergyico PK / May 30 Cnergyico PK Limited(CNERGY)	5,687,015 ▲ 0.05
Unity Foods Ltd / May 30 Unity Foods Limited(UNITY)	5,667,051 ▼ -0.07
Globe Residency / May 30 Globe Residency REIT(GRR)	5,653,000 ▼ -0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 29	285.57
USD PKR Interbank Buying / May 29	285.17
USD to Japanese Yen / May 29	140.34
USD to Swiss Franc / May 29	0.90
Pound Sterling to USD / May 29	1.23
Euro to USD / May 29	1.07
UK LIBOR % / May 26	5.06

Stock	Volume
S&P 500 / May 26	4205.45
Nasdaq / May 26	12975.69
FTSE 100 / May 26	7627.20
Dow Jones / May 26	33093.34
India Sensex / May 29	62846.38
Tokyo Nikkei / May 29	31233.54
Hang Seng / May 29	18633.64
Germany DAX 30 / May 29	16022.66
France CAC40 / May 29	7328.69

Item	Value
Crude Oil USD/Barrel / May 26	72.67
Karachi Cotton PKR/37.32 KG / May 26	20235
Gold 10 Grams PKR / May 26	202118
Gold Spot USD/Ounce / May 26	1946.46
Cotton US¢/pound / May 26	80.54

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