Trends - GDP growth - Business Recorder

GDP growth

Trying to look at Pakistan through Piketty’s prism–I

French economist Thomas Piketty’s erudite book Capital and Ideology published in 2019 is considered to be an...

Updated 22 Mar, 2023 06:47am

Editorials

Relief packages: a euphemism for subsidies

EDITORIAL: Prime Minister Shehbaz Sharif has announced two relief packages, read subsidies, for the poor and...

Published 22 Mar, 2023 06:24am

Pakistan

Pakistan's ex finance chief Miftah warns against any kind of debt restructuring

Difficult task to get China and the West to sit on one table for such an endeavour, he says

Updated 16 Mar, 2023 09:46am

Business & Finance

FPCCI proposes more regional trade to ease economic crisis

KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has...

Published 15 Mar, 2023 06:01am

Business & Finance

EU ready to accept countries’ own fiscal tightening goals for 2024

BRUSSELS: The European Commission said on Wednesday it would back any fiscal tightening goals for 2024 by EU...

Published 13 Mar, 2023 06:15am

Business & Finance

Saudi Arabia posts budget surplus of $27.68bn in 2022

DUBAI: Saudi Arabia recorded a budget surplus of 103.9 billion riyals ($27.68 billion) in 2022, beating its own...

Published 13 Mar, 2023 06:15am

IMF review has taken longer than it should have

Dar also says govt very close to signing agreement

Updated 10 Mar, 2023 08:40am

Markets

China stocks open little changed on modest growth target; HK shares fall

SHANGHAI: China’s major stock indexes opened subdued on Monday, after the country kicked off the annual session of...

Published 06 Mar, 2023 10:30am

Opinion

Textile industry: water management

Unsustainable industrial water consumption has become a massive environmental sustainability challenge. Discharge of...

Published 05 Mar, 2023 03:36am

Business & Finance

Taiwan revises down 2023 GDP growth forecast on export slump

TAIPEI: Taiwan’s trade-dependent economy is likely to grow more slowly this year than previously forecast, hit by ...

Published 27 Feb, 2023 06:17am

Pakistan

About one-quarter of Earth’s terrestrial surface now under cultivation: PHHSA chief

LAHORE: Roughly one-quarter of the Earth’s terrestrial surface is now under cultivation with more land converted ...

Published 26 Feb, 2023 03:27am

Business & Finance

Better agri output: Govt urged to introduce policies with focus on small farmers

ISLAMABAD: Agriculture economists and finance experts while stressing the need for immediate measures to increase...

Published 24 Feb, 2023 06:00am

Opinion

Why do all roads lead to more taxes?

As a staff-level agreement between IMF (International Monetary Fund) and Pakistan following the ninth review of the...

Published 22 Feb, 2023 03:30am

IMF, not govt, responsible for stalled lending?

Ministry of Finance claims the government had been requesting IMF to send the mission since October, 2022

Updated 22 Feb, 2023 11:01am

Business & Finance

Digitisation can add $60bn to economy in 7-8 years: OICCI

KARACHI: Digitisation offers innovative employment prospects to 23 percent of Pakistan’s population that falls in...

Published 17 Feb, 2023 06:00am

Business & Finance

Malaysia will not reintroduce goods and services tax

KUALA LUMPUR: Malaysia has no plans to reintroduce a goods and services tax (GST) or any other broad-based...

Published 14 Feb, 2023 09:42am

Business & Finance

Earthquake impact on Turkiye GDP unlikely to be as much as in 1999

DUBAI: The impact of last week’s earthquake on Turkey’s growth domestic product (GDP) is unlikely to be as...

Published 12 Feb, 2023 02:58pm

Opinion

Survival without the IMF

Since the end of World War II, the World Bank and the International Monetary Fund (IMF) have emerged as the most...

Updated 12 Feb, 2023 09:36pm

Opinion

FBR, IMF & revenue targets

The federal budget for fiscal year (FY) 2022-23 assigned an ambitious target of Rs. 7.470trillion to the Federal...

Published 10 Feb, 2023 03:56am

Editorials

The only way forward

EDITORIAL: Credible media reports, local as well as international, indicate that there is a massive disconnect...

Published 09 Feb, 2023 06:02am

Business & Finance

Earthquakes to disrupt Turkiye growth, stretch budget as Erdogan heads to elections

ANKARA: Massive earthquakes in Turkiye will add billions of dollars of spending to Ankara’s budget and cut economic...

Published 08 Feb, 2023 03:00pm

Business & Finance

US trade deficit widens in 2022

WASHINGTON: The US trade gap widened to a record in 2022, though expanding less than expected in December, ...

Published 08 Feb, 2023 06:10am

Business & Finance

Saudi non-oil private sector activity jumps in January on higher output, orders

DUBAI: Growth in Saudi Arabia's non-oil business activity accelerated in January, having hit a three-month low the...

Updated 05 Feb, 2023 05:36pm

WB board to consider $78m ‘digital economy’ project next month

ISLAMABAD: The World Bank’s Board of Executive Directors will consider the “Pakistan: Digital Economy Enhancement...

Updated 05 Feb, 2023 09:15am

IMF revises Pakistan’s GDP growth projections downward

Brings it down to 2% for 2023 in World Economic Outlook Update

Updated 01 Feb, 2023 01:26pm

Markets

RBI to hike repo rate by 25 bps in Feb, ending tightening cycle

BENGALURU: The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to...

Published 30 Jan, 2023 10:36am

Business & Finance

US economy grows strongly in fourth quarter

WASHINGTON: The US economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on...

Published 30 Jan, 2023 05:56am

Dar challenges financial figures presented by IK

ISLAMABAD: Finance Minister Ishaq Dar has accused former prime minister Imran Khan of presenting inaccurate economic...

Updated 28 Jan, 2023 08:44am

Markets

Philippine peso steady after GDP data, Asian FX firms on weaker dollar

The Philippine peso inched higher on Thursday, keeping those gains after data showed faster-than-forecast economic...

Published 26 Jan, 2023 11:33am

Opinion

Misplaced mercantilism and the case for domestic markets

We are being told that the economy of Pakistan is in absolute free fall. Allegedly, the dominos of economic doom are...

Updated 25 Jan, 2023 06:46am

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Mar 22 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.84 ▲ 0.14 (20.00%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Archroma Pak / Mar 22 Archroma Pakistan Limited(ARPL)	466.78 ▲ 30.78 (7.06%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)
D.S. Ind. Ltd. / Mar 22 D.S. Industries Limited(DSIL)	2.38 ▲ 0.12 (5.31%)
Tri-Star Power / Mar 22 Tri-Star Power Limited(TSPL)	13.15 ▲ 0.66 (5.28%)
Dewan Farooque Sp. / Mar 22 Dewan Farooque Spinning Mills Limited(DFSM)	3.05 ▲ 0.13 (4.45%)
Mehran Sugar / Mar 22 Mehran Sugar Mills Limited(MRNS)	35.95 ▲ 1.45 (4.20%)
Pace (Pak) Ltd. / Mar 22 Pace (Pakistan) Limited(PACE)	2.65 ▲ 0.09 (3.52%)
Kohinoor Spining / Mar 22 Kohinoor Spinning Mills Limited(KOSM)	2.67 ▲ 0.09 (3.49%)

Stock	Price
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.90 ▼ -0.51 (-14.96%)
Kohinoor Power / Mar 22 Kohinoor Power Company Limited(KOHP)	3.62 ▼ -0.37 (-9.27%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)
Premium Textile / Mar 22 Premium Textile Mills Limited(PRET)	420.10 ▼ -30.91 (-6.85%)
AL-Abbas Sugar / Mar 22 Al-Abbas Sugar Mills Limited(AABS)	373.10 ▼ -20.89 (-5.30%)
Crescent Steel / Mar 22 Crescent Steel & Allied Products Limited(CSAP)	29.02 ▼ -1.48 (-4.85%)
Buxly Paints / Mar 22 Buxly Paints Limited(BUXL)	80 ▼ -2.00 (-2.44%)
HI-Tech Lub. / Mar 22 Hi-Tech Lubricants Limited(HTL)	25.01 ▼ -0.58 (-2.27%)
Roshan Packages / Mar 22 Roshan Packages Limited(RPL)	11.21 ▼ -0.26 (-2.27%)
Power Cement / Mar 22 Power Cement Limited(POWER)	4.51 ▼ -0.09 (-1.96%)

Stock	Volume
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.02
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.05
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.15
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▲ 0.08
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.05
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	4,452,500 ▼ -0.02
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▲ 0.04
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.15
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.05
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.07

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 21	285.40
USD PKR Interbank Buying / Mar 21	283.90
USD to Japanese Yen / Mar 21	132.38
USD to Swiss Franc / Mar 21	0.92
Pound Sterling to USD / Mar 21	1.22
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
India Sensex / Mar 21	58074.68
Tokyo Nikkei / Mar 21	26945.67
Nasdaq / Mar 21	11860.11
Hang Seng / Mar 21	19258.76
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91

Item	Value
Crude Oil USD/Barrel / Mar 21	69.33
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Gold Spot USD/Ounce / Mar 21	1943.10
Cotton US¢/pound / Mar 21	77.85

GDP growth

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