Trends - gdp - Business Recorder

gdp

Whither the economy?

The cabinet approved the medium-term strategy paper this Tuesday past and projected a Gross Domestic Product (GDP)...

Published 19 Apr, 2021 03:22am

Tarin given finance portfolio in economic team shake-up

• Hammad Azhar, Omar Ayub and Khusro Bakhtiar made Minister of Energy, Minister of Economic Affairs Division,...

Published 17 Apr, 2021 03:28am

Business & Finance

China’s GDP jumps record 18.3pc but post-Covid recovery seen losing steam

BEIJING: China’s economic recovery quickened sharply in the first quarter to record growth of 18.3% from last...

Published 17 Apr, 2021 03:28am

Pakistan

Govt urged to cut size of undocumented economy

KARACHI: Chairman of National Business Group and President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian...

Updated 16 Apr, 2021 09:57am

Editorials

Medium-term budget strategy

EDITORIAL: The cabinet approved the medium-term budget strategy paper which projected a growth rate of 4.2 percent...

Published 16 Apr, 2021 03:40am

World

Europe needs more aid to counter continued Covid risks: IMF

WASHINGTON: Europe faces more risks to its economic recovery due to Covid-19 variants and delays in vaccination...

Updated 15 Apr, 2021 10:09am

Vested interests enjoyed Rs2.66trn benefits: UNDP

ISLAMABAD: The total benefits and privileges enjoyed by different vested interests in Pakistan amounted to Rs2.66...

Published 15 Apr, 2021 03:22am

Business & Finance

China sees record 18.7pc growth in Q1: AFP survey

BEIJING: China’s economy grew at a record pace during the first quarter as it rebounded from a historic ...

Updated 15 Apr, 2021 10:07am

Markets

Singapore dollar gains slightly after central bank stands pat, GDP surprise

All 15 economists polled by Reuters had forecast the MAS would keep its policy unchanged.

Published 14 Apr, 2021 11:40am

Business & Finance

Pakistan’s powerful groups enjoy economic privileges of over $17bn: UNDP Report

The report highlights that the poorest and richest Pakistanis live in completely different countries, with literacy levels, health outcomes, and living standards that are poles apart.
Pakistan’s tax system does not contribute significantly to reducing inequality in the country due to low share of direct taxation, which is under 20 percent.

Updated 14 Apr, 2021 11:56am

Opinion

Actions should suit resources

We are back into the IMF’s 3-year $6 billion Extended Fund Facility (EFF) arrangement having received a $500...

Published 14 Apr, 2021 03:21am

Markets

Financials drag major Gulf markets lower

DUBAI: Major stock markets in the Gulf ended lower on Tuesday, as financial shares dropped after the International...

Published 14 Apr, 2021 03:21am

Business & Finance

Fitch raises outlook for Australia's 'Big Four' banks as economy rebounds

However, the ratings agency warned that risks to the forecast would remain until the vaccination programme is completed.

Published 12 Apr, 2021 02:21pm

Economy to experience sluggish recovery: IMF

ISLAMABAD: Pakistan’s economy, which was relatively resilient in 2020, are forecast to experience a sluggish...

Updated 12 Apr, 2021 09:14am

World

Italy's Covid slump to end in late 2022: business lobby

"The economy should fill the hole created by the pandemic in 2020 at the end of 2022," Confindustria said in an economic forecast report.

Published 10 Apr, 2021 04:56pm

Economic growth: Pakistan may need to dampen hopes: IMF

ISLAMABAD: Pakistan may have to temper economic growth expectations following a third wave of COVID-19 infections, ...

Updated 09 Apr, 2021 09:17am

IMF estimates financing needs at $23.643bn

ISLAMABAD: The International Monetary Fund (IMF) has urged all key bilateral creditors to maintain their exposure to...

Updated 09 Apr, 2021 09:25am

Power base tariff to be further raised, IMF told

ISLAMABAD: The federal government has assured the International Monetary Fund (IMF) that it will further increase...

Updated 10 Apr, 2021 06:08am

Business & Finance

Govt pledges to bring GST, PIT reforms in next budget

ISLAMABAD: Tax revenues, net of refunds, grew 12 percent on year to year while the government has pledged to the...

Updated 09 Apr, 2021 09:19am

Opinion

Needed: renewed focus on agriculture

Rural areas of Pakistan are characterized by high incidence of multi-dimensional poverty and low levels of financial...

Published 08 Apr, 2021 04:10am

Fund boosts outlook for global economy

WASHINGTON: Accelerated vaccinations and a flood of government spending, especially in the United States, have...

Published 07 Apr, 2021 03:48am

Pakistan: IMF projects 1.5pc growth for 2021

ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at 1.5 percent for 2021,...

Published 07 Apr, 2021 03:48am

Opinion

EAC members need to focus on the big picture

Finally, the prime minister has reconstituted the Economic Advisory Council (EAC). The body, however, mostly...

Published 06 Apr, 2021 04:23am

Public debt hits all-time high in Feb

KARACHI: The government debt stocks (domestic and external) continued to surge, reaching historic level of Rs 36.6...

Updated 06 Apr, 2021 09:56am

Business & Finance

France says deficits rise as Covid destroys rebound hopes

PARIS: France’s government deficit will deepen and public debt rise after a lingering Covid crisis smashed hopes ...

Updated 05 Apr, 2021 10:44am

World

France says deficits rise as Covid destroys rebound hopes

The minister had already told Sunday paper JDD that economic growth was now likely to come in at 5.0 percent this year and not 6.0 percent as believed earlier.

Published 04 Apr, 2021 06:04pm

Business & Finance

Over Rs455bn guarantees extended to PSEs in a year

ISLAMABAD: The government has extended over Rs455 billion guarantees to the public sector enterprises (PSEs) during...

Published 03 Apr, 2021 03:41am

Opinion

Simplification of taxes for growth — III

In this concluding part, we are highlighting various proposals already given to the government of Pakistan...

Published 02 Apr, 2021 04:58am

Opinion

Poorest countries will follow a tricky path back to debt markets

Ghana and Pakistan’s return to international debt markets this week, a year after Covid slammed them shut, has ...

Published 02 Apr, 2021 04:58am

Moody’s says B3 rating underpinned by country’s robust growth potential

ISLAMABAD: Moody's Investors Service (Moody's) has assigned a foreign currency senior unsecured programme rating of...

Published 01 Apr, 2021 04:10am

Gainers
Losers
Leaders

Stock	Price
Pak Gulf Leas. / Apr 19 Pak-Gulf Leasing Company Limited(PGLC)	9.34 ▲ 0.99 (11.86%)
Sana Ind. (R) / Apr 19 Sana Industries (R)(SNAIR)	10.01 ▲ 1.00 (11.10%)
Service Fab. / Apr 19 Service Fabrics Limited(SERF)	11.35 ▲ 1.00 (9.66%)
Worldcall / Apr 19 Worldcall Telecom Limited(WTL)	1.68 ▲ 0.12 (7.69%)
Crescent Fib. / Apr 19 Crescent Fibres Limited(CFL)	55.05 ▲ 3.84 (7.50%)
Din Tex. / Apr 19 Din Textile Mills Limited(DINT)	49.46 ▲ 3.45 (7.50%)
Landmark Sp. / Apr 19 Landmark Spinning Industries Limited(LMSM)	21.50 ▲ 1.50 (7.50%)
Mithchells / Apr 19 Mitchells Fruit Farms Limited(MFFL)	306.37 ▲ 21.37 (7.50%)
Artistic Den. / Apr 19 Artistic Denim Mills Limited(ADMM)	106.87 ▲ 7.45 (7.49%)
Towellers Ltd / Apr 19 Towellers Limited(TOWL)	83.36 ▲ 5.81 (7.49%)

Stock	Price
SME Leasing Ltd. / Apr 19 SME Leasing Limited(SLL)	2.51 ▲ -0.73 (-22.53%)
First Equity Mod. / Apr 19 First Equity Modaraba(FEM)	3.26 ▲ -0.92 (-22.01%)
Pak. P.V.C. / Apr 19 Pakistan PVC Limited(PPVC)	3.41 ▲ -0.54 (-13.67%)
First Punjab Mod. / Apr 19 First Punjab Modaraba(FPJM)	2.60 ▲ -0.28 (-9.72%)
Flying Cement (R) / Apr 19 Flying Cement Company (R)(FLYNGR)	2.48 ▲ -0.24 (-8.82%)
Kohinoor Ind. / Apr 19 Kohinoor Industries Limited(KOIL)	7.61 ▲ -0.63 (-7.65%)
Gatron Ind. / Apr 19 Gatron (Industries) Limited(GATI)	440.30 ▲ -35.70 (-7.50%)
Bal. Wheel / Apr 19 Baluchistan Wheels Limited(BWHL)	62.68 ▲ -5.07 (-7.48%)
Idrees Tex. / Apr 19 Idrees Textile Mills Limited(IDRT)	15.96 ▲ -1.29 (-7.48%)
Media Times / Apr 19 Media Times Limited(MDTL)	3.34 ▲ -0.27 (-7.48%)

Stock	Volume
Worldcall / Apr 19 Worldcall Telecom Limited(WTL)	90,238,000 ▼ 0.00
Byco Petr. / Apr 19 Byco Petroleum Pakistan Limited(BYCO)	22,496,000 ▼ 0.00
Ghani Global Hold. / Apr 19 Ghani Global Holdings Limited(GGL)	20,534,500 ▼ 0.00
TRG Pak. / Apr 19 TRG Pakistan Limited(TRG)	16,610,916 ▼ 0.00
Telecard / Apr 19 Telecard Limited(TELE)	13,578,500 ▼ 0.00
Unity Foods / Apr 19 Unity Foods Limited(UNITY)	12,186,106 ▼ 0.00
Bal. Glass / Apr 19 Balochistan Glass Limited(BGL)	10,541,500 ▼ 0.00
SILKBANK / Apr 19 Silkbank Limited(SILK)	9,749,500 ▼ 0.00
Pakistan Refinery / Apr 19 Pakistan Refinery Limited(PRL)	5,665,500 ▼ 0.00
Pak Int.Bulk Ter / Apr 19 Pakistan International Bulk Terminal Limited(PIBTL)	5,639,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 16	152.80
USD PKR Interbank Buying / Apr 16	152.70
USD to Japanese Yen / Apr 16	108.80
USD to Swiss Franc / Apr 16	0.92
Pound Sterling to USD / Apr 16	1.38
Euro to USD / Apr 16	1.20
UK LIBOR % / Apr 16	0.07

Stock	Volume
S&P 500 / Apr 16	4185.47
India Sensex / Apr 16	48832.03
Tokyo Nikkei / Apr 16	29683.37
Nasdaq / Apr 16	14052.34
Hang Seng / Apr 16	28969.71
FTSE 100 / Apr 16	7019.53
Dow Jones / Apr 16	34200.67
Germany DAX 30 / Apr 16	15459.75
France CAC40 / Apr 16	6287.07

Item	Value
Crude Oil / Apr 16	63.13
Karachi Cotton Assoc. / Apr 16	10800.00
Gold 10 Grams / Apr 16	94564.00
Gold Spot / Apr 16	1780.20
Cotton / Apr 16	85.03

gdp

Whither the economy?

Tarin given finance portfolio in economic team shake-up

China’s GDP jumps record 18.3pc but post-Covid recovery seen losing steam

Govt urged to cut size of undocumented economy

Medium-term budget strategy

Europe needs more aid to counter continued Covid risks: IMF

Vested interests enjoyed Rs2.66trn benefits: UNDP

China sees record 18.7pc growth in Q1: AFP survey

Singapore dollar gains slightly after central bank stands pat, GDP surprise

Pakistan’s powerful groups enjoy economic privileges of over $17bn: UNDP Report

Actions should suit resources

Financials drag major Gulf markets lower

Fitch raises outlook for Australia's 'Big Four' banks as economy rebounds

Economy to experience sluggish recovery: IMF

Italy's Covid slump to end in late 2022: business lobby

Economic growth: Pakistan may need to dampen hopes: IMF

IMF estimates financing needs at $23.643bn

Power base tariff to be further raised, IMF told

Govt pledges to bring GST, PIT reforms in next budget

Needed: renewed focus on agriculture

Fund boosts outlook for global economy

Pakistan: IMF projects 1.5pc growth for 2021

EAC members need to focus on the big picture

Public debt hits all-time high in Feb

France says deficits rise as Covid destroys rebound hopes

France says deficits rise as Covid destroys rebound hopes

Over Rs455bn guarantees extended to PSEs in a year

Simplification of taxes for growth — III

Poorest countries will follow a tricky path back to debt markets

Moody’s says B3 rating underpinned by country’s robust growth potential

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