Trends - Fed - Business Recorder

Fed

Dollar gains on hawkish Fed

NEW YORK: The dollar gained on Thursday despite a soft US producer price inflation report for May, after the Federal...

Published 14 Jun, 2024 06:31am

Pakistan

Exemptions withdrawn: Rs1.8trn new taxation measures unveiled

ISLAMABAD: The government has announced new taxation/enforcement measures of nearly Rs 1,800 billion through...

Published 13 Jun, 2024 03:32am

World

Fed leaves rates unchanged, sees just one cut in 2024 despite inflation progress

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to...

Published 13 Jun, 2024 12:08am

Business & Finance

Asian currencies: Indonesian rupiah at lowest level in 4 years

BENGALURU: Emerging Asian markets were finely balanced on Tuesday as traders awaited the release of US inflation ...

Published 12 Jun, 2024 06:51am

Markets

Wall Street Week Ahead: Inflation, Fed meeting to give clues for US market direction

NEW YORK: Investors will closely watch next week’s inflation numbers and Federal Reserve meeting for clues on...

Published 10 Jun, 2024 06:52am

Business & Finance

Fed may remain on pause and pare back rate cut expectations

WASHINGTON: The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the...

Published 10 Jun, 2024 06:52am

Markets

HK stocks track regional markets higher; China slips

SHANGHAI: Hong Kong shares closed up on Thursday, tracking Asian markets higher on growing expectations that the US...

Published 07 Jun, 2024 06:24am

Business & Finance

Govt urged to abolish 20pc FED on packaged fruit juices

LAHORE: The Fruit Juice Council in a letter to the PML-N President and former Prime Minister Mian Nawaz Sharif has...

Published 07 Jun, 2024 06:24am

BR Research

High taxation cannibalizing juices export potential

One key ingredient for moving on a sustainable economic growth path is to develop the agriculture value chains by...

Published 03 Jun, 2024 08:37am

Business & Finance

Illicit cigarettes’ consumption increases due to heavy taxes: NGO

LAHORE: With increase in taxes on legal cigarette manufacturers, the illicit tobacco trade and consumption have...

Published 28 May, 2024 05:30am

Business & Finance

Anti-tobacco activists for hiking FED on cigarettes

ISLAMABAD: Anti-tobacco activists have warned that the government would lose revenue and benefits gained through tax...

Published 26 May, 2024 02:56am

Markets

Gold slips on hawkish Fed minutes

BENGALURU: Gold prices declined to a one-week low on Thursday, extending their fall for a third consecutive session...

Published 24 May, 2024 06:27am

Business & Finance

Asian currencies slip after hawkish Fed minutes

BENGALURU: Emerging Asian stock markets rose on Thursday, with Taiwan hitting a record high, while most currencies ...

Published 24 May, 2024 06:27am

Markets

Wall Street listless in countdown to Nvidia results, Fed minutes

NEW YORK: Wall Street’s main indexes struggled for direction on Wednesday as investors kept to the sidelines ahead...

Published 23 May, 2024 05:16am

Business & Finance

Most Asian currencies flat ahead of Fed minutes

BENGALURU: Most Asian currencies struggled for momentum on Wednesday while stocks inched higher as investors awaited...

Published 23 May, 2024 05:16am

Pakistan

Sharp drop in smoking tobacco confirmed: CRD survey

ISLAMABAD: A latest survey by Islamabad’s Centre for Research and Dialogue (CRD) confirmed a significant 18 ...

Published 21 May, 2024 03:39am

Business & Finance

Dollar firm as investors await Fed guidance

NEW YORK: The dollar was firm against the euro on Monday as investors awaited further clues to help them figure out...

Published 21 May, 2024 03:39am

Business & Finance

SPARC says seeks increased taxation on cigarettes

ISLAMABAD: Society for the Protection of the Rights of the Child (SPARC) has proposed Federal Board of Revenue (FBR)...

Published 16 May, 2024 06:28am

Business & Finance

Cigarettes: Experts for gradual implementation of uniform FED rate

ISLAMABAD: Health experts have strongly recommended gradual implementation of a uniform Federal Excise Duty (FED)...

Published 12 May, 2024 03:09am

Markets

Gulf bourses end higher as Fed cut hopes rise

DUBAI: Stock markets in the Gulf ended higher on Sunday, led by the Qatar index, after slowing US jobs growth in...

Published 06 May, 2024 05:30am

Budget 2024-25: SPDC proposes 37pc increase in FED on tobacco products

ISLAMABAD: The Social Policy Development Centre (SPDC) has proposed a 37 percent increase in Federal Excise Duty...

Updated 06 May, 2024 09:01am

Business & Finance

Crypto washout sends bitcoin below $58,000 ahead of Fed decision

LONDON: Bitcoin slid by almost 6 percent on Wednesday, having posted its worst monthly performance in April since...

Published 02 May, 2024 04:58am

Budget preparation exercise to begin in first week of May

ISLAMABAD: The budget preparation exercise for the FY 2024-25 will be started from the first week of May 2024 at the...

Updated 30 Apr, 2024 08:43am

Business & Finance

Cigarettes remain top revenue spinner of FED

ISLAMABAD: The cigarettes remained top revenue spinner of federal excise duty (FED) after raise of FED rates on...

Published 19 Apr, 2024 05:07am

Markets

Euro zone govt bond yields tick up after Fed’s Waller remarks

PARIS: Euro zone bond yields edged up on Thursday after Federal Reserve Governor Christopher Waller advocated a...

Published 01 Apr, 2024 05:34am

Markets

Wall Street Week Ahead: Investors eye Fed rate cut, earnings as key to sustaining market rally

NEW YORK: After a stellar start to the year for stocks, investors are on guard for potential bumps in the second...

Published 01 Apr, 2024 05:34am

Business & Finance

Fed optimism powers Indian shares to weekly gains

BENGALURU: Indian shares advanced on Friday, posting weekly gains, helped by a rally fuelled by investor optimism...

Published 25 Mar, 2024 05:47am

Markets

China stocks dip as rebound fades; HK follows Asia

SHANGHAI: China stocks slipped on Thursday, signalling a potential fatigue in their six-week rebound, while Hong ...

Published 22 Mar, 2024 04:57am

Markets

Wall St holds ground ahead of Fed decision

NEW YORK: Wall Street’s main stock indexes were little changed on Wednesday as investors awaited the conclusion of...

Published 21 Mar, 2024 05:22am

Business & Finance

Experts underscore need for 26pc increase in FED on tobacco items

ISLAMABAD: To meet ambitious target of Federal Excise Duty (FED) at Rs 711 billion for next fiscal year, experts and...

Published 15 Mar, 2024 04:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	278.73
USD PKR Interbank Buying / Jun 13	278.53
USD to Japanese Yen / Jun 14	157.07
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5433.74
India Sensex / Jun 14	76810.90
Tokyo Nikkei / Jun 14	38709.02
Nasdaq / Jun 14	17667.56
Hang Seng / Jun 14	18023.85
FTSE 100 / Jun 14	8163.67
Dow Jones / Jun 14	38647.10
Germany DAX 30 / Jun 14	18265.68

Item	Value
Petrol/Litre / Jun 14	268.36
Crude Oil USD/Barrel / Jun 14	78.18
Karachi Cotton PKR/37.32 KG / Jun 14	19935
Gold 10 Grams PKR / Jun 14	206361
Gold Spot USD/Ounce / Jun 14	2308.42
Diesel/Litre / Jun 14	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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