Trends - GDP growth - Business Recorder

GDP growth

FBR eyes new taxation steps with a view to achieving Rs7,255bn target

ISLAMABAD: The Federal Board of Revenue (FBR) will propose new taxation measures of over Rs 300-350 billion to...

Updated 23 May, 2022 10:02am

Opinion

Withering national unity?

The industrial sector is the backbone of economic progress. It works as a major source of employment and its growth...

Published 20 May, 2022 05:42am

Pakistan

Foreign interference halted economic improvement: Asad Umar

PTI leader says elections are best way forward to resume growth, end political crisis

Updated 19 May, 2022 07:01pm

Chief economist PC Dr Zubair resigns

ISLAMABAD: Dr Muhammad Ahmed Zubair has resigned as chief economist Planning Commission but stated that he is not...

Updated 19 May, 2022 09:38am

Business & Finance

Japan 1st-quarter GDP shrank as Omicron wave hit

TOKYO: Japan’s economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by Covid-19...

Published 18 May, 2022 09:47am

Business & Finance

UK economic growth slows in first quarter

LONDON: Britain’s economy grew at a slower pace in the first quarter compared with the final three months of last...

Published 12 May, 2022 01:07pm

Country likely to miss 3.5pc agri growth target

ISLAMABAD: The country is likely to miss the agriculture growth target of 3.5 percent set for 2021-22, after missing...

Updated 12 May, 2022 09:56am

Opinion

Burgeoning fiscal deficit

The information on fiscal operations during the first three quarters of 2021-22 has been released recently by the...

Published 10 May, 2022 05:10am

Opinion

Economy: PTI govt versus PML-N govt

The latest data released by the State Bank of Pakistan (SBP) on the balance of payments showcases the significant...

Updated 02 May, 2022 06:14am

Opinion

Daunting challenges for new govt

Pakistan at the moment is going through chronic political and economic turmoil. The most critical elements of the...

Published 29 Apr, 2022 05:43am

Opinion

Economy: govt stumbling badly

The Pakistan Democratic Movement (PDM) government is stumbling badly on managing the economy. Their first month in...

Published 29 Apr, 2022 05:43am

Business & Finance

US economy sees surprise Q1 contraction despite solid spending

WASHINGTON: The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered...

Published 29 Apr, 2022 05:43am

World

China’s Xi urges ‘all-out’ infrastructure push to boost growth

BEIJING: China’s Xi Jinping has called for an “all-out” campaign to build infrastructure, according to state media,...

Published 27 Apr, 2022 02:19pm

Nine months: fiscal deficit stands at 4pc of GDP

ISLAMABAD: The country’s overall fiscal deficit during the first three quarters of the current fiscal year –...

Updated 27 Apr, 2022 10:44am

Opinion

Moving forward

Political uncertainty comes at a time when the macro numbers are beginning to deteriorate. This could pose serious...

Published 26 Apr, 2022 05:20am

Opinion

Pakistan: economic focus

The international financial institution — World Bank (WB) — which is an influential source of funding as well as...

Published 21 Apr, 2022 05:26am

Pakistan

Govt may try to liquidate unbudgeted circular debt to discredit PTI: Shaukat Tarin

Comments come as both PTI and PML-N leaders continue to trade barbs on state of Pakistan economy

Published 20 Apr, 2022 05:55pm

Business & Finance

WTO warns against dividing world economy over war in Ukraine

GENEVA: The WTO warned Tuesday that Russia’s war in Ukraine had darkened the prospects for world trade as it...

Published 13 Apr, 2022 06:03am

Editorials

The emergent task at hand

EDITORIAL: The state of the economy today necessitates a set of policy reversals as well as reforms on an emergent...

Published 12 Apr, 2022 05:17am

Business & Finance

Moody’s maintains ‘stable outlook’ for Pakistan’s banking sector

Expects real GDP growth of between 3% and 4% for fiscal 2022 and between 4% and 5% for fiscal 2023

Updated 11 Apr, 2022 08:04pm

World

World Bank warns of bleak economic outlook for Ukraine, region

WASHINGTON: The World Bank issued dire forecasts for Ukraine as Russia's invasion impacts both the country and its...

Published 11 Apr, 2022 01:42am

Opinion

Rising economic difficulties

At present Pakistan is facing grim crises. Regardless of the Supreme Court’s decision, the real question is ...

Published 08 Apr, 2022 05:28am

Perspectives

Economy on the back-burner: some difficult decisions needed

The ongoing political turmoil in Pakistan only added to the woes of an already battered economy, which is faced with...

Published 08 Apr, 2022 03:58am

Inflation likely to pick up: FY22 growth rate projected to slow to 4pc YoY

ISLAMABAD: Pakistan’s GDP growth rate is projected to slow to four percent in fiscal year 2022 from 5.6 percent in...

Published 07 Apr, 2022 05:15am

Business & Finance

Italy Q4 2021 budget deficit narrows y/y to 3.0% of GDP, full year confirmed at 7.2%

ROME: Italy’s public budget deficit narrowed in the fourth quarter of last year to 3.0% of gross domestic product,...

Published 05 Apr, 2022 01:22pm

Covid-19 pandemic: Pakistan accumulates over $10bn new debt: ADB

The report notes direct health costs of Covid-19 are highest in Pakistan (around $2,019 million) and Kazakhstan (around $900 million)

Updated 27 Mar, 2022 12:45pm

Pakistan Housing Finance Project: WB lists risks to $85m additional financing

ISLAMABAD: The World Bank has listed several risks to the $85 million “additional financing for the Pakistan...

Updated 25 Mar, 2022 02:09pm

Editorials

The upcoming budget

EDITORIAL: Irrespective of the outcome of the vote of no-confidence, the budget for next fiscal year will have to be...

Published 24 Mar, 2022 05:36am

Markets

Philippine central bank sees wider c/a deficit in 2022, 2023

MANILA: The Philippine central bank said on Friday it had revised its current account and balance of payments...

Published 18 Mar, 2022 11:42am

Opinion

Pakistan at a crossroads — I

The continuous failures and inability of the incumbent coalition government of Pakistan Tehreek-i-Insaf (PTI) to...

Published 18 Mar, 2022 05:20am

Gainers
Losers
Leaders

Stock	Price
HBL Invest Fund / May 23 HBL Investment Fund(HIFA)	2.48 ▲ 0.29 (13.24%)
Khurshid Spinning / May 23 Khurshid Spinning Mills Limited(KHSM)	9.65 ▲ 1.00 (11.56%)
Dadex Eternit / May 23 Dadex Eternit Limited(DADX)	78.12 ▲ 5.45 (7.50%)
Imperial Limited / May 23 Imperial Limited(IML)	14.99 ▲ 1.04 (7.46%)
Bal. Wheel / May 23 Baluchistan Wheels Limited(BWHL)	79.34 ▲ 5.49 (7.43%)
Cordoba Logistics / May 23 Cordoba Logistics & Ventures Limited(CLVL)	13.75 ▲ 0.95 (7.42%)
Bhanero Tex. / May 23 Bhanero Textile Mills Limited(BHAT)	1525.00 ▲ 102.45 (7.20%)
KASB Modaraba / May 23 KASB Modaraba(KASBM)	1.87 ▲ 0.12 (6.86%)
Maqbool Tex. / May 23 Maqbool Textile Mills Limited(MQTM)	67.98 ▲ 3.86 (6.02%)
Zephyr Textile / May 23 Zephyr Textiles Limited(ZTL)	11.00 ▲ 0.50 (4.76%)

Stock	Price
First Pak Mod. / May 23 First Pak Modaraba(PAKMI)	2.60 ▲ -0.70 (-21.21%)
SME Leasing Ltd / May 23 SME Leasing Limited(SLL)	2.05 ▲ -0.40 (-16.33%)
Bilal Fibres / May 23 Bilal Fibres Limited(BILF)	2.10 ▲ -0.30 (-12.50%)
Escorts Bank / May 23 Escorts Investment Bank Limited(ESBL)	6.05 ▲ -0.70 (-10.37%)
PICIC Ins.Ltd. / May 23 PICIC Insurance Limited(PIL)	0.81 ▲ -0.09 (-10.00%)
TPL Trakker Ltd / May 23 TPL Trakker Limited(TPLT)	9.50 ▲ -1.00 (-9.52%)
D.S. Ind. Ltd. / May 23 D.S. Industries Limited(DSIL)	4.04 ▲ -0.41 (-9.21%)
Reliance Ins. / May 23 Reliance Insurance Company Limited(RICL)	5.20 ▲ -0.45 (-7.96%)
Ist.Dawood Bank / May 23 First Dawood Investment Bank Limited(FDIBL)	2.15 ▲ -0.18 (-7.73%)
Gatron Ind. / May 23 Gatron (Industries) Limited(GATI)	407.00 ▲ -32.99 (-7.50%)

Stock	Volume
Silk Bank Ltd / May 23 Silkbank Limited(SILK)	9,584,000 ▼ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	7,422,000 ▼ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	5,901,500 ▼ 0.00
Ghani Glo Hol / May 23 Ghani Global Holdings Limited(GGL)	5,843,560 ▼ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	5,344,516 ▼ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	4,953,646 ▼ 0.00
Hum Network / May 23 Hum Network Limited(HUMNL)	4,948,000 ▼ 0.00
Maple Leaf / May 23 Maple Leaf Cement Factory Limited(MLCF)	4,271,882 ▼ 0.00
Pak Elektron / May 23 Pak Elektron Limited(PAEL)	3,858,000 ▼ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	3,699,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	200.20
USD PKR Interbank Buying / May 20	199.80
USD to Japanese Yen / May 20	127.88
USD to Swiss Franc / May 20	0.97
Pound Sterling to USD / May 20	1.25
Euro to USD / May 20	1.06
UK LIBOR % / May 20	0.82

Stock	Volume
S&P 500 / May 20	3901.36
India Sensex / May 20	54326.39
Tokyo Nikkei / May 20	26739.03
Nasdaq / May 20	11354.62
Hang Seng / May 20	20717.24
FTSE 100 / May 20	7389.98
Dow Jones / May 20	31261.90
Germany DAX 30 / May 20	13981.91
France CAC40 / May 20	6285.24

Item	Value
Crude Oil / May 20	113.23
Karachi Cotton Assoc. / May 20	21180.00
Gold 10 Grams / May 20	115200.00
Gold Spot / May 20	1846.50
Cotton / May 20	125.18

GDP growth

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