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financial crisis

Weekly Cotton Review: Prices largely stable amid low trade

KARACHI: Though overall cotton prices remained stable, but due to decrease in purchases, they have also started to...

Published 27 Nov, 2023 06:13am

World

Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis

COLOMBO: Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country...

Published 15 Sep, 2023 04:50pm

Business & Finance

UBS to pay $1.4bn to settle US fraud charges on subprime loans

NEW YORK: UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed...

Published 15 Aug, 2023 06:30am

Pakistan

Rs1.11bn sought to end Balochistan varsity crisis

QUETTA: Joint Action Committee, Balochistan University, Teachers, Officers and Employees Association, on Monday...

Published 02 May, 2023 05:59am

Opinion

The economic malaise

Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term ...

Updated 28 Mar, 2023 06:52am

Editorials

Human smuggling: deadly business

EDITORIAL: After much confusion as regards the number of people on board the ill-fated boat , the facts that seem to...

Published 04 Mar, 2023 06:10am

Business & Finance

Credit Suisse shares sink after biggest loss since 2008 financial crisis

GENEVA: Credit Suisse stocks plunged nearly 15 percent on Thursday as the scandal-plagued Swiss banking giant posted...

Published 10 Feb, 2023 03:56am

Editorials

BISP crackdown on ‘commission mafia’

EDITORIAL: In sheer deference to the late Benazir Bhutto, the then Pakistan People’s Party Prime Minister Yousuf...

Published 30 Jan, 2023 05:56am

Pakistan

KP, Punjab: Will elections be held within stipulated period?

ISLAMABAD: The federal capital is abuzz with rumours that the Pakistan Democratic Movement (PDM) government is in no...

Published 24 Jan, 2023 08:10am

World

Taiwan records biggest economic contraction since 2009

TAIPEI: Taiwan’s economy shrank in the final quarter of 2022, the government said Wednesday, in the island’s worst...

Published 18 Jan, 2023 03:25pm

Business & Finance

Wheat shortage, financial crisis: Balochistan seeks centre’s help

QUETTA: Balochistan Chief Minister Mir Abdul Quddus Bizenjo here on Wednesday demanded the federation to immediately...

Updated 05 Jan, 2023 09:00am

Business & Finance

Private debt markets face reality check as companies grapple with recession

LONDON: Stellar growth in private debt markets over the past decade looks set to face a reality check as a looming...

Published 26 Dec, 2022 05:48am

Markets

Wapda union objects to privatisation of distribution companies

HYDERABAD: All Pakistan WAPDA Hydro Electric Workers Union (CBA) President Abdul Latif Nizamani Sunday demanded the...

Published 19 Dec, 2022 06:40am

Opinion

Lack of prudent macroeconomic policies

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they...

Published 14 Dec, 2022 05:57am

Business & Finance

Everyone concerned over economic, financial crisis: UBG

KARACHI: President of the United Business Group (UBG) Zubair Tufail has said that the country’s economic and...

Published 14 Dec, 2022 05:57am

World

USAID pledges $60m of funding for Sri Lanka

COLOMBO: The chief of the US Agency for International Development (USAID) on Sunday announced a $60 mln aid package...

Published 12 Sep, 2022 06:01am

EU fiscal oversight of Greece ends after 12 years

ATHENS: Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for...

Published 21 Aug, 2022 05:16am

Hydroelectric energy: Wapda’s financial woes worsen as invoices by CPPA-G halved

ISLAMABAD: The financial woes of the Water and Power Development Authority (Wapda) have reportedly aggravated due to...

Updated 31 Jul, 2022 09:37am

Business & Finance

PRGMEA issues SOS call over acute financial crisis in industry

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has issued a desperate SOS...

Published 01 Jul, 2022 07:39am

World

Chinese loans to Africa could spark crisis, warns Germany

FRANKFURT: China’s years-long lending spree in poorer countries, particularly in Africa, poses a “serious...

Published 28 May, 2022 05:11am

Business & Finance

Constitution of National Economic Council a step in right direction: LCCI

LAHORE: The Lahore Chamber of Commerce & Industry on Thursday welcomed Prime Minister Shehbaz Sharif’s ...

Published 15 Apr, 2022 05:29am

World

Sri Lanka to sign $1 billion credit line with India to help pay for key imports

COLOMBO: Sri Lanka's finance minister will visit New Delhi on Tuesday to sign a $1 billion credit line to pay for...

Published 14 Mar, 2022 08:25pm

World

Sri Lanka default rumours ‘totally unsubstantiated,’ says central bank

COLOMBO: Sri Lanka’s central bank said on Wednesday the country was committed to honouring all forthcoming debt...

Published 10 Feb, 2022 04:40am

Business & Finance

Chinese city eases rules for developers amid cash crunch

BEIJING: The Chinese city of Chengdu has announced measures to make it easier for developers to sell properties,...

Published 26 Nov, 2021 05:15am

Business & Finance

Investor inquisition awaits Credit Suisse chairman after scandals

ZURICH: Credit Suisse's new chairman is expected to face a barrage of questions this week after a series of scandals...

Published 02 Nov, 2021 05:20am

World

Yellen urges Congress to raise debt limit to avoid financial crisis

WASHINGTON: US Treasury Secretary Janet Yellen pleaded Sunday for Congress to raise the debt ceiling in order to...

Published 21 Sep, 2021 04:10am

Business & Finance

Lebanon currency drops to new low as financial meltdown deepens

BEIRUT: Lebanon’s currency crashed past a milestone on Sunday reaching a new low against the dollar, as the...

Published 14 Jun, 2021 03:39am

Business & Finance

Lebanese central bank launches new foreign exchange system

President Michel Aoun said in March that banks would be allowed to handle transactions at market rates, but the central bank has only issued mechanisms in past weeks for the exchange platform.
It did not say whether customers would in future also be able to use the central bank's new Sayrafa platform to receive Lebanese pounds when selling dollars at a similar rate.

Published 20 May, 2021 06:48pm

Fed chair says cyberattacks main risk to US economy

WASHINGTON: Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale...

Updated 13 Apr, 2021 09:27am

Business & Finance

NatWest's Ulster Bank fined record 38mn euros for mortgage overcharging

Additional failings that contributed to Ulster Bank's larger fine included what the central bank said was a deliberate strategy to seek to entice customers to convert their tracker rates to fixed rates during 2008.
Our investigation identified the numerous opportunities that UBID (Ulster Bank Ireland DAC) had to do right by its customers and the efforts that UBID went to in order to evade its obligations.

Published 25 Mar, 2021 05:52pm

Gainers
Losers
Leaders

Stock	Price
F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	7.93 ▲ 0.76 (10.60%)
HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	11 ▲ 0.94 (9.34%)
Waves Home Appliances / Dec 5 Waves Home Appliances Limited(WHALE)	8.75 ▲ 0.72 (8.97%)
Jubilee Spinning / Dec 5 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	6.94 ▲ 0.54 (8.44%)
Al-Shaheer Corp / Dec 5 Al Shaheer Corporation Limited(ASC)	9.90 ▲ 0.77 (8.43%)

Stock	Price
Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	28.23 ▼ -2.29 (-7.50%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	243.94 ▼ -19.78 (-7.50%)
Pak Suzuki / Dec 5 Pak Suzuki Motor Company Limited(PSMC)	504.39 ▼ -40.90 (-7.50%)
Janana D Mal / Dec 5 Janana De Malucho Textile Mills Limited(JDMT)	63.82 ▼ -5.17 (-7.49%)
Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
JS Investments / Dec 5 JS Investments Limited(JSIL)	16.02 ▼ -1.23 (-7.13%)
Masood Textile / Dec 5 Masood Textile Mills Limited(MSOT)	50.20 ▼ -3.80 (-7.04%)
AEL Textile / Dec 5 AEL Textile Limited(AEL)	20 ▼ -1.50 (-6.98%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

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